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CALGARY, Alberta, Jan. 26, 2024 (GLOBE NEWSWIRE) — Questerre Power Company (“Questerre” or the “Firm”) (TSX,OSE:QEC) reported right this moment 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 stage in the judicial proceedings.
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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 answer to the state of affairs in Québec. We stay eager for an answer that can materially scale back Canadian greenhouse fuel 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 severe authorized matter and the intense or irreparable hurt if the request for a keep is refused.
The Lawyer Normal argued that Civil Code of Québec and the Québec’s Constitution of human rights and freedoms provisions, whereas defending the proper 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 Lawyer Normal’s argument gave rise to a severe authorized matter.
Mr. Binnion added, “The argument of the Lawyer Normal is, in impact, that the powers of the legislature are supreme even over legal guidelines meant to restrict the powers of the legislature. This might, 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 belongings in Québec ought to be compensated for.”
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Recognizing that that is an distinctive measure, the Justice additionally dominated that the judgement be enforced even when the Lawyer Normal recordsdata an attraction, also referred to as ‘provisional execution’. He famous that Questerre and the opposite plaintiffs run the chance 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 sources. We imagine 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 atmosphere.
Questerre is a believer that the longer term success of the power business will depend on a stability of economics, atmosphere, and society. We’re dedicated to being clear and are respectful that the general public should be a part of making the vital selections for our power future.
Advisory Relating to Ahead-Trying Statements
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This information launch incorporates sure statements which represent forward-looking statements or data (“forward-looking statements”) together with the Firm’s views on the ruling and the Lawyer Normal’s arguments on the ability of the legislature. Ahead-looking statements are primarily based 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 may give no assurance that they’ll show to be appropriate. Since forward-looking statements tackle 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 on account 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. Further data relating to a few of these dangers, expectations or assumptions and different components could also be discovered beneath within the Firm’s Annual Data Type for the 12 months ended December 31, 2022, and different paperwork obtainable 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 on account of new data, future occasions or in any other case, until so required by relevant securities legal guidelines.
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