Quote:
Originally Posted by Ceilidh69
The AER needs to do a better job as well reviewing liabilities and allowing well and facility license transfers to companies that are hanging on by their finger tips. Over the past several years they have allowed a significant number of transfers where companies subsequently went defunct and the liability went to working interest partners or the OWA. Delicate balancing act as they don't want to kill all the A&D action in our province but this aspect needs more attention from the regulator. The next logical steps should be stronger mandates for reclamation and remediation timing as well as still more direction on liability management.
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Directive 6 and Directive 13 are already doing this. May need to be tightened up a bit but there rules in place to prevent this. Has already tightened up a lot since this lawsuit began.