In calling for the review, academics at the University of Calgary describe the Alberta Energy Regulator as secretive and too close to industry
Academics at the University of Calgary are calling for a public review of the Alberta Energy Regulator, describing it as secretive and too close to industry.
“There needs to be an inquiry of some kind,” said co-author and resource law professor Martin Olszynski. “Albertans don’t have the information they need.” As well, the report says too many of Alberta’s environmental requirements are left to the regulator’s discretion. Alberta once had a requirement that all wells inactive for more than 10 years be abandoned, placed back into production or have financial security posted for their abandonment. That program was cancelled in 2000.
“Mandatory closure spend quotas specify the minimum amount of money that licensees are required to spend on closure work each year,” she said. The report criticizes how the regulator has, over the years, choked off the information it releases around the financial health of companies acquiring oil and gas leases.
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