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A Wave Of Change – Alberta Continues To Implement A New Liability Management Framework - Energy and Natural Resources

Redwater").   Redwater is now a sentinel decision for the energy industry in Alberta, confirming the importance of environmental, reclamation and remediation obligations and liabilities. In  Redwater, the SCC determined that a trustee in bankruptcy is not permitted to renounce uneconomical oil and gas assets and leave these assets to be remediated by the Orphan Well Association (" OWA") to avoid the environmental liabilities of the estate it is administering. Following the  Redwater decis...
Red Water Inventory Reduction Program Companies Creditors Associationv Grant Thornton Site Rehabilitation Program Holding Energy
Source: mondaq.com

Advancing Alberta'New Liability Management Framework - Energy and Natural Resources

Amendments to the Oil and Gas Conservation Rules and Pipeline Rules to advance the Government of Albertas new Liability Management Framework and address Albertas inventory of abandoned wells, facilities and pipelines came into effect on December 3, 2020.  As we noted in our April 2020 blog on Albertas approach to liability management, earlier amendments to the Oil and Gas Conservation Act and Pipeline Act received Royal Assent on April 2, 2020, and were  implemented in part to address grow...
Red Water Supreme Court Alberta Energy Regulator Measures To Limit Environmental Alberta Energy Gas Conservation Rules Pipeline Rules
Source: mondaq.com

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