It follows a $3.4B lawsuit filed early this year over the same policy reversal
An Australian coal company is alleging that Alberta is liable for billions after reversing course on policy tied to coal development in the province.
As first reported by the Calgary Herald, Atrum Coal Ltd., along with its subsidiary, Elan Coal Ltd., says it is seeking $3.53 billion, tied to the value of its Elan Project. It is also seeking an additional $300 million for losses to shareholders.