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ARTICLE · 08 FEBRUARY 2021

A Wave Of Change – Alberta Continues To Implement A New Liability Management Framework

McCarthy Tétrault
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The Government of Alberta ("Alberta") continues to take steps to implement a new liability management framework ("LMF") for oil and gas wells, pipelines and facilities.

CanadaEnergy and Natural Resources
Canadian Energy Perspectives
Canadian Energy Perspectives
Jamie Gibb
Jamie Gibb
Kimberly Howard
Kimberly Howard
Ashley Wilson
Ashley Wilson
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The Government of Alberta ("Alberta") continues to take steps to implement a new liability management framework ("LMF") for oil and gas wells, pipelines and facilities.  The new LMF was first announced on June 30, 2020 and is intended to improve and expedite reclamation efforts, enable industry to better manage the clean-up of oil and gas wells, pipelines and facilities at every stage of development, and provide a holistic and full lifecycle approach to reclamation and remediation.

The LMF builds on the Site Rehabilitation Program announced in March of 2020 and the enactment of the Liabilities Management Statutes Amendment Act  ("LMSA"), which received Royal Assent on April 2, 2020.  Additional background on the Site Rehabilitation Program can be found here. 

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