Regulatory

Three New Oil sands Developments Receive Initial Approval Following Regulator Review

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Courtesy of Alberta Energy. View original article here. Three new proposed oil sands developments have cleared an important early step in the regulatory process. Government has approved the proposals for: The Blackpearl Resources Inc. Blackrod oil sands steam-assisted gravity drainage (SAGD) development The Surmont Energy Ltd. Wildwood oil sands SAGD development The Husky Saleski oil… [Read More…] about Three New Oil sands Developments Receive Initial Approval Following Regulator Review

New U.S. Transparency Reporting Requirements for Extractive Sector

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Courtesy of Bennett Jones. View original article here. On July 27, 2016, the U.S. Securities and Exchange Commission (SEC) adopted revised rules requiring resource extraction issuers to disclose payments made to governments for the commercial development of oil, natural gas, or minerals (the U.S. Rules). Disclosure is required for payments to any foreign government and payments to… [Read More…] about New U.S. Transparency Reporting Requirements for Extractive Sector

Green Shoots – Release of the Government of Alberta’s Renewable Electricity Program

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Courtesy of BD&P. View original article here. After much speculation and waiting, on November 3, 2016 the Government of Alberta (GoA) released plans on how it intends to achieve key aspects of its ambitious Climate Leadership Plan (CLP), including endorsing the recommendations put forward by1the Alberta Electric System Operator (AESO) for a provincial Renewable Electricity… [Read More…] about Green Shoots – Release of the Government of Alberta’s Renewable Electricity Program

U.S. Final Rules Requiring Disclosure of Payments by Resource Extraction Issuers

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Courtesy of Osler. View original article here. Background The U.S. Securities and Exchange Commission (SEC) has adopted a final rule that requires SEC-reporting resource extraction issuers to disclose payments to the U.S. federal government and foreign governments relating to the commercial development of oil, natural gas or minerals. These annual disclosure requirements are substantially similar to… [Read More…] about U.S. Final Rules Requiring Disclosure of Payments by Resource Extraction Issuers

OEB Staff Confirm That Electric Vehicle Charging Stations Can Be Owned and Operated by LDCs

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Courtesy of Borden Ladner Gervais. View original article here. On July 13, 2016, the Ontario government announced that it would build 500 electric vehicle charging stations at 250 locations across the province. This comes shortly after a related announcement on July 7, 2016. On that day, the Ontario Energy Board (“OEB”) staff (“Staff”) published a bulletin (the… [Read More…] about OEB Staff Confirm That Electric Vehicle Charging Stations Can Be Owned and Operated by LDCs

New Rules Target Tailings Ponds

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Courtesy of Alberta Energy Regulator. View original article here. New requirements issued by the Alberta Energy Regulator target oil sands tailings ponds, requiring performance reporting and ensuring progressive reclamation. The phased approach in the newly issued Directive 085: Fluid Tailings Management for Oil Sands Mining Projects supports the Government of Alberta’s Tailings Management Framework. “These new requirements will… [Read More…] about New Rules Target Tailings Ponds

Northern Gateway Project Approval Quashed Due to Inadequate Consultation

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Courtesy of Blakes. View original article here. In its recent decision in Gitxaala Nation v. Canada, the Federal Court of Appeal (Court) quashed federal approval of the proposed Northern Gateway Project (Project). The Court held that although interested parties had ample opportunity to participate in the Joint Review Panel assessment process, the Government of Canada failed to… [Read More…] about Northern Gateway Project Approval Quashed Due to Inadequate Consultation

Alberta’s Energy Regulator Imposes Further Restrictions on Embattled Energy Industry in Response to Redwater

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Courtesy of Osler. View original article here.  One month after the May 19, 2016 Alberta Court of Queen’s Bench’s decision in Redwater Energy Corporation (Re), 2016 ABQB 278 (“Redwater”), the Alberta Energy Regulator (“AER”) has released Bulletin 2016-16 (the “Bulletin”). The AER (and Orphan Well Association) have appealed the Redwater decision to the Alberta Court of Appeal, where it… [Read More…] about Alberta’s Energy Regulator Imposes Further Restrictions on Embattled Energy Industry in Response to Redwater

AER Bulletin 2016-16: A Chilling Announcement on the First Day of Summer

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Courtesy of BD&P. View original article here. In a fundamental shift in the landscape for oil and gas transactions, on June 20, 2016 the AER quietly published AER Bulletin 2016-16 in response to the decision of the Alberta Queen’s Bench in the Redwater decision (Redwater Energy Corporation (Re), 2016 ABQB 278). Asserting the need for… [Read More…] about AER Bulletin 2016-16: A Chilling Announcement on the First Day of Summer

Alberta Energy Regulator Releases New Requirements in Wake of Redwater Decision

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Courtesy of Bennett Jones. View original article here. Industry and the public may face significantly higher costs as a result of the much anticipated decision of the Alberta Court of Queen’s Bench in Redwater Energy Corporation (Re), 2016 ABQB 278, issued on May 19, 2016. The Court held that trustees and receivers of insolvent companies can disclaim… [Read More…] about Alberta Energy Regulator Releases New Requirements in Wake of Redwater Decision