Quote:
Originally Posted by Wormius
In an almost literal sense, they’re orphaned because the corporations that once owned them died.
I am not sure if there is much in place to stop a company from selling their low-producing assets to a shell company that they can let go bankrupt and wash their hands of any responsibilities.
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The AER won't approve transfers where the liability management ratio of the purchaser is to low. So going forward buyers either have to have valuable assets in Alberta or pay security deposits. But that doesn't fix the past issues.