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ARTICLE · 12 MAY 2020

Update Bulletin On COVID-19 And The Alberta Energy Sector

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The energy sector in Alberta is currently experiencing tremendous upheaval. The massive changes caused by the COVID-19 crisis, in addition to the low price of oil, have led to an unprecedented...

CanadaEnergy and Natural Resources
Jay Lalach
Jay Lalach
Sean Corrigan
Sean Corrigan
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The energy sector in Alberta is currently experiencing tremendous upheaval. The massive changes caused by the COVID-19 crisis, in addition to the low price of oil, have led to an unprecedented level of uncertainty in the industry and in daily life across the province. Learn more in this article about the latest developments affecting Alberta's energy sector.

Alberta Energy Regulator

  • On April 2, the Legislative Assembly of Alberta passed multiple emergency bills aimed at providing industry relief. These include changes to the Oil and Gas Conservation Act and the Pipeline Act through Bill 12 that grants the Alberta Energy Regulator (the "AER") new powers and funding to manage the expected rise in suspended or abandoned oil and gas projects. The AER may now make rules respecting suspension, abandonment, remediation, and reclamation costs of wells, facilities and pipelines.

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