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Tax write offs hit taxpayers over Razor Energy collapse
A Calgary area municipal council considers writing off 289 595 in outstanding property taxes tied to Razor Energy Corp now in CCAA protection. The municipal debt, including 577 000 owed, stems from orphan wells and tax arrears shifted to a shell company ResidualCo. Councillors debate accountability and call for letters to regulators while noting industry-related costs burden taxpayers.
MENTIONED IN THIS ARTICLE
Razor Energy Corporation
MD of
Tabor
Razor
Texcal Energy Canada Inc
Razor Energy
ResidualCo
MD of Tabor Council
Council
MD Council
Coun
John Turcato
Alberta Energy Regulator
Merrill Harris
Harris
Reeve Miyanaga
Miyanaga
AER
Smith
Hildebrandt
Turcato