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ARTICLE · 21 JUNE 2021

The AER's Holistic Approach To Liability Management

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Recent information provided by the Alberta Energy Regulator in its Licensee Capability Assessment: What We Heard document and draft Licensee Life-Cycle Management Directive provides guidance for licensees regarding the AER's proposed changes.

CanadaEnergy and Natural Resources
Samuel Denstedt
Samuel Denstedt
Lucas (Luke) Morrison
Lucas (Luke) Morrison
Julia Pasieka
Julia Pasieka
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Recent information provided by the Alberta Energy Regulator (AER) in its Licensee Capability Assessment: What We Heard document and draft Licensee Life-Cycle Management Directive (Draft LLCM Directive) provides guidance for licensees regarding the AER's proposed changes to its liability management program, including further details regarding the AER's replacement of its licensee liability rating program with a holistic approach that will be used to assess a company's ability to meet its regulatory requirements and liability obligations.

What We Heard

Released on May 31, 2021, What We Heard, follows the April 7 release of the AER's revised Directive 067: Eligibility Requirements for Acquiring and Holding Energy Licences and Approvals. What We Heard provides insight into the AER's Licensee Capability Assessment, which will consider more than 30 parameters to comprehensively assess companies and their ability to meet their regulatory requirements and

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