Who regulates oil sands in Alberta?

the Alberta Energy Regulator (AER)
This act establishes regulations and approvals for the development of oil sands resources and related facilities in Alberta. It is administered by the Alberta Energy Regulator (AER).

What is the oil sands Conservation Act?

This Act establishes a regulatory regime administered by the Alberta Energy Regulator for the development of oil sands resources and related facilities in Alberta.

What is the problem with Alberta oil sands?

There are four major issues affecting the oilsands: declining price outlooks, market access, a reduction in investment and climate change pressures.

What is the Alberta oil sands project?

The scale of Alberta’s oil sands operations, the world’s largest industrial project, is hard to grasp. The Syncrude oil sands plant is seen north of Fort McMurray, Alberta. The oil sands give Alberta the third largest reserves in the world, but extracting the oil is energy-intensive and destructive to the landscape.

How much oil is left in Alberta?

Reserves and production Alberta’s oil sands’ proven reserves equal about 165.4 billion barrels (bbl).

Are the Alberta oil sands sustainable?

With the profits flowing to corporations and the long term costs being borne by the public, the Alberta oil sands are not a sustainable resource and their environmental impact will be borne for generations.

What is the Alberta Water Act?

The Alberta Water Act governs how the Province of Alberta manages water. The purpose of the act is to promote the conservation and management of water while recognizing the need for economic growth and prosperity and flexible management that works cooperatively with governments of other jurisdictions.

What is the Safety Codes Act?

The Act establishes a unifying framework for the administration of ten safety disciplines which each have their own safety codes and standards.

Why is Alberta’s oil so cheap?

The oil Alberta produces is simply of a lower quality than Brent or WTI, and is located further away from customers. But it’s also important to note that price discounts are impacted by Alberta’s access to markets. The easier it is to move our oil to refineries around the world, the less the price discounts will be.

How many years will Alberta oil sands last?

In May 2019, the Alberta Energy Regulator (AER) published its annual Alberta Energy Outlook, predicting that oil sands CapEx will “moderately increase” in 2020 and 2021 but then “decrease from 2022 to 2028.” The AER noted there was only one possible new oil sands mine (Teck’s Frontier mine, which the company withdrew …

How is oil sands exploration regulated in Alberta?

See Land Use – OSE on our timeline spreadsheet for updates. We regulate the use of public land in Alberta for oil sands exploration activities under the following legislation: Environmental Protection and Enhancement Act – The Code of Practice for Exploration Operations is made under this act.

How does Bill 22 amend the oil sands Conservation Act?

Section 12 of Bill 22 amends the Oil Sands Conservation Act (the OSCA) by removing the requirement for the Alberta Energy Regulator (the AER) to obtain authorization from the Lieutenant Governor in Council (the Cabinet) prior to issuing final approval for new oil sands projects in Alberta.

What are the regulations for oil and gas in Canada?

Depending on the nature of the project, approvals can be issued with conditions under the Environmental Protection and Enhancement Act, the Water Act, Public Lands Act and energy resources statutes (including Oil Sands Conservation Act and Oil & Gas Conservation Act ).

How much money does the oil sands make in Alberta?

Capital investment in this sector: In 2017, approximately 140,300 people were employed in Alberta’s upstream energy sector. Source: Statistics Canada, Survey of Employment, Payrolls and Hours. resource royalty revenue. In 2016 to 2017, bitumen revenue totalled $1.48 billion, or 47.9% of the non-renewable resource revenue.