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New Alberta Energy Regulator Reporting Requirements: Implications for Transactions and Borrowing | Bennett Jones LLP


On April 7, 2021, the Alberta Energy Regulator (AER) released a revised
Directive 067: Eligibility Requirements for Acquiring and Holding Energy Licenses and Approvals, which is designed to enhance its ability to ensure that liabilities are properly managed by licensees. This follows other recent measures including amendments to its legislation to increase the ability of the AER to hold working interest participants accountable and to appoint receivers, as well as the introduction of a new liability management framework and licensee capability assessment.
The last amendment to Directive 067 was issued December 6, 2017, following the Court of Appeal s decision in
Orphan Well Association v. Grant Thornton Limited which had upheld the lower court s finding that a receiver could disclaim non-producing wells and their associated liabilities in a receivership. This was subsequently overturned by the Supreme Court of Canada. Those amendments provided for additional scruti ....

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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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Un hombre amenaza con matar a su exjefe después de que este ignorara su solicitud de amistad en Facebook

Un hombre amenaza con matar a su exjefe después de que este ignorara su solicitud de amistad en Facebook
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Williston Herald , Holding Energy , Williston Americans , Northern Dakota , Image Of Snapchat , வில்லிஸ்டன் ஹெரால்ட் , வைத்திருத்தல் ஆற்றல் , வடக்கு டகோட்டா ,

Amenaza a su exjefe por ignorar su solicitud en Facebook

Amenaza a su exjefe por ignorar su solicitud en Facebook
laprensalara.com.ve - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from laprensalara.com.ve Daily Mail and Mail on Sunday newspapers.

Williston Herald , Holding Energy , Press To Lara , Williston Americans , Northern Dakota , Image Of Snapchat , வில்லிஸ்டன் ஹெரால்ட் , வைத்திருத்தல் ஆற்றல் , வடக்கு டகோட்டா ,