Page 4 - Liability Management Framework News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In 2021, there were a number of key environmental law developments across Canada with potential impacts on the power sector. Highlights include the…

To embed, copy and paste the code into your website or blog: The issue of end-of-life liabilities for oil and gas facilities has been one of growing concern in Alberta, as in recent years there has been a marked increase in the province’s inventory of inactive and orphan wells. In early 2020, the Government of Alberta announced that it was considering a number of changes to the liability framework to address both historical issues, current operations and future processes to help stem the flow of orphaned assets. On July 30, 2020, the Government of Alberta responded by announcing its Liabil...

Amendments to the Oil and Gas Conservation Rules and Pipeline Rules to advance the Government of Alberta's new Liability Management Framework and address Alberta's inventory of abandoned wells, facilities and pipelines came into effect on December 3, 2020.  As we noted in our April 2020 blog on Alberta's 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 growing concerns related to oil and gas liabilities following the release of the Supreme Court of Can...