The AER works collaboratively with government and industry stakeholders to develop and implement appropriate liability management programs for all energy sectors regulated by the AER. The AER recognizes its responsibility to Albertans to protect the public from significant potential environmental issues and costs associated with abandonment and decommissioning of those sites that have been involved in petroleum resource recovery by ensuring licensees and owners are responsible for proper abandonment and decommissioning.
NOTE: The AER held an industry information session on June 19, 2015 to help licensees understand the impacts of the 2015 LLR changes and discuss available options for managing their deemed liabilities. The presentation can be viewed here.
Questions regarding these sessions should be directed to LiabilityManagement@aer.ca.