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 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...
Source: mondaq.com