EventQulliq Energy Corp. (QEC) has asked the federal government to assume its >$200 M debt, but no formal response has yet been received from Crown Indigenous Relations and Northern Affairs Canada or Natural Resources Canada. In a legislative committee hearing on Sept 23, CFO Emilia Tihon said discussions are underway but no outcome has been reached; QEC’s debt was $218 M in 2024. The Auditor General noted ongoing inventory‑management problems across multiple Nunavut communities.
Qulliq Energy Corp says federal government has yet to respond to a request to assume more than $200 million of its debt, while an audit has highlighted inventory management problems across its Nunavut stations.
Qulliq Energy Corp. has asked the federal government to assume its $200 million debt but has not yet received a response, while auditors point to inventory‑management issues across Nunavut communities.
