Canadian energy oil and gas: Top 20 of 2020 – Regulatory decisions

Part 2 Without question, the top story over the last year has been the COVID-19 pandemic and its tremendous ongoing effects felt across Canada and the world. This time has had a significant impact on Canada’s energy industry and many of the changes and developments that took place in 2020 will continue to influence trends, business decisions and the future growth of Canada’s energy industry in 2021. As we look back at 2020, we have highlighted the Top 20 industry developments and decisions made throughout the year in four key areas: Judicial decisions, regulatory decisions, legislative and policy developments, and transactions and trends. In this article, we analyze the top five regulatory decisions of the last year and how these decisions may affect your business in 2021. Top five regulatory decisions of 2020 In 2020, the Alberta Energy Regulator (AER) demonstrated its willingness to intervene in commercial transactions with its rejection of Shell Canada Limited’s sale of its sour gas plants due to concerns over the splitting of the environmental liability. In addition, the AER proved the extent of its commitment to ensuring proper reclamation and abandonment with a two-year investigation resulting in the cancellation of some 59 reclamation […]

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