To print this article, all you need is to be registered or login on Mondaq.com. The Alberta Energy Regulator (AER) has outlined some details on its previously announced new liability management framework (LMF). The LMF's goal is to provide a comprehensive and accurate assessment of the capabilities of oil and gas companies to meet their oil and gas well, facility and pipeline closure requirements. Details have recently been provided on a proposed new Licensee Capability Assessment (LCA) that considers a licensee's financial ability to meet its site closure requirements. How the LCA will be used by the AER in making