Acho Dene Koe First Nation sues resource company for $1M-plus

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Acho Dene Koe First Nation sues resource company for $1M-plus – Cabin Radio

by ahnationtalk on April 24, 20249 Views

April 24, 2024

The Acho Dene Koe First Nation says resource company Paramount owes it more than $1 million in missed payments as Paramount faces separate criticism over its cleanup work.

In NWT Supreme Court, the Fort Liard-based First Nation alleges Paramount Resources has missed $100,000 annual payments mandated under a community investment plan since 2009.

It wants a back payment of $1.4 million to be made, plus interest and damages for Paramount’s alleged “breach of duty of good faith.”

Paramount is an oil and gas firm. In the 1990s and early 2000s, it was involved in work to run a pipeline in the region and explore for gas. Its primary function in the Dehcho is now remediating those operations.