The AER regulates development in a way that reduces risks and ensures the greatest economic benefits. We also protect Albertans from the risk of financial liability of aging infrastructure, especially if companies fail. To do this, we must be effective and focus on risk-based regulation, which means prioritizing regulatory activities so that the most significant risks receive the greatest attention. It’s about the effective management of our energy resources on behalf of Albertans, who own that resource.
It’s about understanding our resources—where they are, how much we have—and how to ensure that they are developed to optimize benefits to Albertans. To become more effective, the AER will focus our risk-based approach on projects that reduce risks to public safety and the environment, limit the financial risk to Albertans, effectively manage resource conservation, and improve industry performance.
Related Project (Updates)
Release of the Inactive Well Compliance Program