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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 decision and since
early 2020, Alberta committed to actively reducing the inventories
of orphan and inactive well sites in the province. According to
the OWA, as of January 1, 2021, orphan inventory ....

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Alberta's new Liability Management Framework | Dentons


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
Liability Management Framework (Framework). The Framework outlines a series of measures directed toward shrinking the province’s backlog of orphaned and inactive wells but no specific details were provided. ....

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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 Canada s decision
in
On July 30, 2020, the Government of Alberta announced that it ....

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