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CALGARY, Alberta, Jan. 26, 2024 (GLOBE NEWSWIRE) — Questerre Power Company (“Questerre” or the “Firm”) (TSX,OSE:QEC) reported in the present day on the ruling by the Québec Superior Court docket (Civil Division) on the Firm’s utility to remain sure provisions of the Act ending exploration for petroleum and underground reservoirs and manufacturing of petroleum and brine (the “Act”), at some point of the judicial proceedings.
Michael Binnion, President, and Chief Govt Officer of Questerre, commented, “This distinctive ruling in our favor preserves our authorized rights as we proceed to work for a political and enterprise resolution to the state of affairs in Québec. We stay looking forward to an answer that may materially cut back Canadian greenhouse gasoline emissions whereas enhancing power safety.”
Within the ruling issued yesterday, the Justice assessed the important thing standards for a keep and deemed that our utility met these standards. This included the existence of a critical authorized matter and the intense or irreparable hurt if the request for a keep is refused.
The Legal professional Common argued that Civil Code of Québec and the Québec’s Constitution of human rights and freedoms provisions, whereas defending the fitting to property of residents and corporations towards unreasonable use of Authorities powers, don’t apply if the Authorities choses to make use of those self same powers to override them. The Justice famous that the round nature of the Legal professional Common’s argument gave rise to a critical authorized matter.
Mr. Binnion added, “The argument of the Legal professional Common is, in impact, that the powers of the legislature are supreme even over legal guidelines supposed to restrict the powers of the legislature. This is able to, in impact, nullify the provisions of the Civil Code and Constitution defending residents from abuse of Authorities powers. It’s a hallmark of constitutional democracies that the Authorities has limits on its energy and the disguised expropriation of our property in Québec ought to be compensated for.”
Recognizing that that is an distinctive measure, the Justice additionally dominated that the judgement be enforced even when the Legal professional Common information an attraction, often known as ‘provisional execution’. He famous that Questerre and the opposite plaintiffs run the danger of great and irreparable hurt within the absence of this order for provisional execution.
Questerre is an power expertise and innovation firm. It’s leveraging its experience gained by early publicity to low permeability reservoirs to amass important high-quality assets. We consider we will efficiently transition our power portfolio. With new clear applied sciences and innovation to responsibly produce and use power, we will maintain each human progress and our pure setting.
Questerre is a believer that the long run success of the power trade relies on a steadiness of economics, setting, and society. We’re dedicated to being clear and are respectful that the general public should be a part of making the essential decisions for our power future.
Advisory Relating to Ahead-Wanting Statements
This information launch accommodates sure statements which represent forward-looking statements or data (“forward-looking statements”) together with the Firm’s views on the ruling and the Legal professional Common’s arguments on the facility of the legislature. Ahead-looking statements are based mostly on a number of materials components, expectations, or assumptions of Questerre which have been used to develop such statements and data, however which can show to be incorrect. Though Questerre believes that the expectations mirrored in these forward-looking statements are cheap, undue reliance shouldn’t be positioned on them as a result of Questerre can provide no assurance that they’ll show to be right. Since forward-looking statements handle future occasions and situations, by their very nature they contain inherent dangers and uncertainties. Additional, occasions or circumstances could trigger precise outcomes to vary materially from these predicted because of quite a few identified and unknown dangers, uncertainties, and different components, a lot of that are past the management of the Firm, together with, with out limitation: sure different dangers detailed from time-to-time in Questerre’s public disclosure paperwork. Extra data relating to a few of these dangers, expectations or assumptions and different components could also be discovered below within the Firm’s Annual Data Kind for the yr ended December 31, 2022, and different paperwork accessible on the Firm’s profile at www.sedar.com. The reader is cautioned to not place undue reliance on these forward-looking statements. The forward-looking statements contained on this information launch are made as of the date hereof and Questerre undertakes no obligations to replace publicly or revise any forward-looking statements, whether or not because of new data, future occasions or in any other case, until so required by relevant securities legal guidelines.
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