Alberta’s New Liability Management Framework for Oil and Gas Industry – Update from the Alberta Energy Regulator

On July 30, 2020, the Government of Alberta announced its new Liability Management Framework (“LMF”) for the oil and gas industry.  The LMF, which includes new mechanisms and requirements to improve and expedite reclamation efforts, aims to enable the industry to better manage the cleanup of oil and gas wells, pipelines, and facilities. The obligations in the LMF attempt to shrink the inventory of inactive and orphaned wells across Alberta, ensure more timely restoration of land to its original state, and protect future generations from experiencing a backlog of sites needing cleanup.

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