Bankrupt oil company leaves Alberta county with…


A northwestern Alberta municipality says it’s been left with $9.3 million of unpaid property taxes owed by a company that has since gone bankrupt.

Big Lakes County, about 368 kilometres northwest of Edmonton, said it was owed about $11.3 million from Razor Energy Corp.

The county was able to collect $2 million before the company concluded bankruptcy proceedings earlier this year.

With every legal avenue exhausted, county officials say there’s no way to recover the outstanding money.

“[The industry] helped build Alberta as a whole to what we are today,” said Reeve Tyler Airth.



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