The Liability Management Report was released to improve transparency in the industry
The Alberta Energy Regulator (AER) released a new Liability Management Report
, which is intended to track and publicly report on the liability management performance of companies regulated by the AER. This report is based on information gathered through the AER’s Liability Management Framework, and is a requirement under Directive 088
. The report outlines how financial, reserve, closure, and compliance information will enable the AER to assess the capabilities of licensees to meet their regulatory and liability obligations throughout a project’s lifecycle.
The report includes five sections:
The report will be updated annually, and it is expected that additional data will be included as the program moves forward. The RMA is in the process of reviewing the report in more detail and will provide members with further analysis in the future.
Director of External Relations & Advocacy