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Bullboard - Stock Discussion Forum Compliance Energy Corp CPYCF

Compliance Energy Corp Is a Canada-based exploration and development company. The company is engaged in the exploration and development of resource properties. The firm is an exploration and development company working on resource properties it has staked or acquired, principally on Vancouver Island. It has interest in Comox Joint Venture (CJV), which holds the Raven Underground Coal Mining... see more

GREY:CPYCF - Post Discussion

Compliance Energy Corp > Stephen Ellis, COO, Resigns
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Post by WileyCoyote1 on Sep 03, 2015 1:56pm

Stephen Ellis, COO, Resigns

Breaking news:  Stephen Ellis has resigned as COO of Compliance.  He left just after firing off his last shot at the BCEAO and the Working Group for the proposed Raven mine. 
Ellis blames the BCEAO for the project's failure to obtain a permit, but the blame can rest squarely on the shoulders of Compliance.  They claim to have spent $20 million on the application, but independent experts have stated this is a highly inflated amount of money for the minimal work that was done to support the application.  Compliance has had plenty of time to address the concerns expressed by the public regarding water, pollution, damage to shellfish, First Nations and public safety issues.  From the beginning there has been a huge pushback by locals, including thousands of public comments opposing the project and many professional scientists weighing in.  This created rigorous requirements in the application.  The BCEAO cannot be faulted for trying to ensure that public concerns were met.  That is their role, whether Ellis can appreciate it or not.
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