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Alberta Reaches Settlement with Two Coal Companies Suing over Policy Flip-Flop
ALBERTA, CANADA, JUL 3 – Evolve Power Ltd. and Atrum Coal Ltd. settled claims over Alberta's policy reversals on coal mining, part of a $16 billion lawsuit involving five companies challenging asset expropriation.
- On July 3, 2025, two companies involved in a $16 billion lawsuit against Alberta over its coal mining policy announced that they have reached confidential settlement agreements with the provincial government.
- The lawsuits stemmed from Alberta’s 2022 decision to reinstate a coal policy, which companies claimed expropriated their mining assets and halted projects.
- The companies argued the policy flip-flop disrupted investments after being encouraged to acquire land under prior rules, prompting legal action seeking damages for costs and lost revenue.
- Evolve’s CEO Peter Doyle said lifting the coal policy earlier this year would not affect their lawsuit, and both companies described settlement terms as confidential and not yet finalized.
- The settlements may ease investor uncertainty in Alberta's mining sector, but other lawsuits, including Northback Holdings’ claim, remain unresolved and litigation finalization is pending.
27 Articles
27 Articles
Winnipeg Free Press
Alberta reaches settlement with two coal companies suing over policy flip-flop
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