Québec Superb Court docket suspends provisions of Invoice 21

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CALGARY, Alberta, Jan. 26, 2024 (GLOBE NEWSWIRE) — Questerre Power Company (“Questerre” or the “Company”) (TSX,OSE:QEC) reported as of late at the ruling by means of the Québec Superb Court docket (Civil Section) at the Corporate’s utility to stick sure provisions of the Function finishing exploration for petroleum and underground reservoirs and manufacturing of petroleum and brine (the “Act”), at some stage in the judicial complaints.

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Michael Binnion, President, and Eminent Govt Officer of Questerre, commented, “This exceptional ruling in our favor preserves our legal rights as we continue to work for a political and business solution to the situation in Québec. We remain hopeful for a solution that will materially reduce Canadian greenhouse gas emissions while improving energy security.”

Within the ruling issued the day before today, the Justice assessed the important thing standards for a keep and deemed that our utility met those standards. This integrated the lifestyles of a major prison topic 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, future protective the proper to attribute of electorate and corporations in opposition to unreasonable usefulness of Govt powers, don’t follow if the Govt choses to usefulness those self same powers to override them. The Justice famous that the round nature of the Lawyer Normal’s argument gave stand to a major prison topic.

Mr. Binnion added, “The argument of the Attorney General is, in effect, that the powers of the legislature are supreme even over laws intended to limit the powers of the legislature. This would, in effect, nullify the provisions of the Civil Code and Charter protecting citizens from abuse of Government powers. It is a hallmark of constitutional democracies that the Government has limits on its power and the disguised expropriation of our assets in Québec should be compensated for.”

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Spotting that this is an outstanding measure, the Justice additionally dominated that the understanding be enforced although the Lawyer Normal information an attraction, often referred to as ‘provisional execution’. He famous that Questerre and the alternative plaintiffs run the danger of great and irreparable hurt within the being lacking this series for provisional execution.

Questerre is an power generation and innovation corporate. It’s leveraging its experience received thru early publicity to low permeability reservoirs to obtain vital fine quality assets. We imagine we will be able to effectively transition our power portfolio. With pristine blank applied sciences and innovation to responsibly build and usefulness power, we will be able to maintain each human journey and our herbal state.

Questerre is a believer that the pace luck of the power business is dependent upon a steadiness of economics, state, and family. We’re dedicated to being clear and are respectful that the population will have to be a part of making the notable possible choices for our power pace.

Advisory Referring to Ahead-Taking a look Statements

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This information let fall comprises sure statements which represent forward-looking statements or knowledge (“forward-looking statements”) together with the Corporate’s perspectives at the ruling and the Lawyer Normal’s arguments at the energy of the legislature. Ahead-looking statements are in line with a number of subject matter elements, expectancies, or guesses of Questerre that have been impaired to manufacture such statements and data, however which would possibly end up to be wrong. Even if Questerre believes that the expectancies mirrored in those forward-looking statements are cheap, undue reliance must now not be put on them as a result of Questerre may give deny pledge that they’re going to end up to be proper. Since forward-looking statements deal with pace occasions and statuses, by means of their very nature they contain inherent dangers and uncertainties. Additional, occasions or instances would possibly purpose unedited effects to range materially from the ones predicted on account of various recognized and unknown dangers, uncertainties, and alternative elements, lots of that are past the regulate of the Corporate, together with, with out limitation: sure alternative dangers evocative from time-to-time in Questerre’s population disclosure paperwork. Alternative knowledge relating to a few of these dangers, expectancies or guesses and alternative elements could also be discovered beneath within the Corporate’s Annual Knowledge Mode for the week ended December 31, 2022, and alternative paperwork to be had at the Corporate’s profile at www.sedar.com. The reader is cautioned to not playground undue reliance on those forward-looking statements. The forward-looking statements contained on this information let fall are made as of the age hereof and Questerre undertakes deny tasks to replace publicly or revise any forward-looking statements, whether or not on account of pristine knowledge, pace occasions or differently, except so required by means of appropriate securities rules.

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