Page 18 - July 20 2020
P. 18
Includes process colour pages 1,4,5,7,10,11,14,15,18,20,21,24
THE WEEKLY ANCHOR
THE WEEKLY ANCHOR
PAGE 18 MONDAY JULY 20, 2020 MONDAY JUNE 15, 2020 PAGE 13
A Monthly update on the Oil & Gas and Energy Industry
ENERGY EDUCATION IN ACTION
Alberta sweeps away energy industry roadblocks
A new bill eliminates non-functional compared to other energy jurisdictions. development. They shouldn't reduce
regulations, reduces approval Second, it removes politics from a stakeholder consultations or weaken
timelines, and emphasizes efficiency decision that should be based on each environmental supervision.
and certainty in the approval process project's merits after a proper consideration The AER can and should continue to
of all the costs and benefits affecting improve its processes to ensure the
By Jairo Yunis Albertans. If the Alberta Energy Regulator safe, efficient, orderly and
and Steven Globerman (AER) approves a project, after suitably environmentally-responsible
The Fraser Institute consulting with First Nations, assessing development of energy in the province.
environmental concerns, and carefully Stakeholder consultations and
The Alberta government recently weighing other costs and benefits, there's environmental evaluations aren't only
The Weekly Anchorhe Weekly Anchor
introduced Bill 22 (the Red Tape no need for a political rubber stamp. necessary but might also lead to project
Reduction Implementation Act), Responsible energy development should be improvements. For example, T
delivering on a campaign promise to a long-term public policy goal and not modifications might be identified that
streamline regulations across the subject to the ideological preferences of any reduce a development's environmental
WE HAVE RESUMED OUR PHOTO SERVICES
provincial government. political party. footprint without compromising its WE HAVE RESUMED OUR PHOTO SERVICES
FOR PASSPORTS, VISAS,
While details aren't yet clear, the bill Third, and most important, Bill 22 will economic benefits, thereby increasing FOR PASSPORTS, VISAS,
FIREARMS AND MORE
proposes a whopping 14 legislative provide much-needed certainty for future the project's overall net benefits. FIREARMS AND MORE
changes across six ministries. Proposed investment decisions. Companies should In this regard, the proposed
changes include removing residency face a substantially reduced risk of project legislation promises improved social BY APPOINTMENT ONLY
BY APPOINTMENT ONLY
requirements for non-profit and rejection based on politically-motivated outcomes compared to the status quo. - PLEASE CALL US TO BOOK A TIME...
- PLEASE CALL US TO BOOK A TIME...
corporate boards, giving more powers to cabinet decisions. This will create a more Canadians broadly and Albertans
the Surface Rights Board to expedite predictable and attractive investment specifically should welcome the 5040 3rd Avenue, Edson 780-723-5787780-723-5787
compensation to landowners and environment, something we strongly provincial government's plan to 5040 3rd Avenue, Edson
reducing trade barriers for grazing leases. recommended in our study last year. improve energy competitiveness by
More importantly, the bill echoes our A poor investment climate has helped reducing non-functional regulations
recommendations for energy produce a dramatic decline in oil and gas and uncertainty as they affect the
development: eliminating non-functional investments in Alberta. approval process for energy
regulations, reducing approval timelines, Bill 22 adds to the recently introduced development.
and emphasizing efficiency and certainty Bill , which would allow the government to Streamlining regulations, shortening
in the approval process. set maximum time limits on approvals for timelines, reducing uncertainty and
We welcome the proposal to eliminate energy projects. This is a step in the right removing political risk are all laudable
cabinet approval of new oil sands direction, as it addresses a policy failure initiatives that will better reconcile the
development projects for three specific that's been hurting Alberta's goals of sustainable energy
reasons. competitiveness. development, environmental protection
First, it automatically reduces the We don't believe, as some might argue, and social cohesion.
approval timeline for projects. As that these changes will diminish Alberta's Jairo Yunis and Steven Globerman are
documented in previous , Alberta suffers regulatory oversight of energy analysts at the Fraser. © Troy Media
long wait times for project approvals
Industry supporters of responsible energy
THE WEEKLY ANCHOR
THE WEEKLY ANCHOR
PAGE 18 MONDAY JULY 20, 2020 MONDAY JUNE 15, 2020 PAGE 13
A Monthly update on the Oil & Gas and Energy Industry
ENERGY EDUCATION IN ACTION
Alberta sweeps away energy industry roadblocks
A new bill eliminates non-functional compared to other energy jurisdictions. development. They shouldn't reduce
regulations, reduces approval Second, it removes politics from a stakeholder consultations or weaken
timelines, and emphasizes efficiency decision that should be based on each environmental supervision.
and certainty in the approval process project's merits after a proper consideration The AER can and should continue to
of all the costs and benefits affecting improve its processes to ensure the
By Jairo Yunis Albertans. If the Alberta Energy Regulator safe, efficient, orderly and
and Steven Globerman (AER) approves a project, after suitably environmentally-responsible
The Fraser Institute consulting with First Nations, assessing development of energy in the province.
environmental concerns, and carefully Stakeholder consultations and
The Alberta government recently weighing other costs and benefits, there's environmental evaluations aren't only
The Weekly Anchorhe Weekly Anchor
introduced Bill 22 (the Red Tape no need for a political rubber stamp. necessary but might also lead to project
Reduction Implementation Act), Responsible energy development should be improvements. For example, T
delivering on a campaign promise to a long-term public policy goal and not modifications might be identified that
streamline regulations across the subject to the ideological preferences of any reduce a development's environmental
WE HAVE RESUMED OUR PHOTO SERVICES
provincial government. political party. footprint without compromising its WE HAVE RESUMED OUR PHOTO SERVICES
FOR PASSPORTS, VISAS,
While details aren't yet clear, the bill Third, and most important, Bill 22 will economic benefits, thereby increasing FOR PASSPORTS, VISAS,
FIREARMS AND MORE
proposes a whopping 14 legislative provide much-needed certainty for future the project's overall net benefits. FIREARMS AND MORE
changes across six ministries. Proposed investment decisions. Companies should In this regard, the proposed
changes include removing residency face a substantially reduced risk of project legislation promises improved social BY APPOINTMENT ONLY
BY APPOINTMENT ONLY
requirements for non-profit and rejection based on politically-motivated outcomes compared to the status quo. - PLEASE CALL US TO BOOK A TIME...
- PLEASE CALL US TO BOOK A TIME...
corporate boards, giving more powers to cabinet decisions. This will create a more Canadians broadly and Albertans
the Surface Rights Board to expedite predictable and attractive investment specifically should welcome the 5040 3rd Avenue, Edson 780-723-5787780-723-5787
compensation to landowners and environment, something we strongly provincial government's plan to 5040 3rd Avenue, Edson
reducing trade barriers for grazing leases. recommended in our study last year. improve energy competitiveness by
More importantly, the bill echoes our A poor investment climate has helped reducing non-functional regulations
recommendations for energy produce a dramatic decline in oil and gas and uncertainty as they affect the
development: eliminating non-functional investments in Alberta. approval process for energy
regulations, reducing approval timelines, Bill 22 adds to the recently introduced development.
and emphasizing efficiency and certainty Bill , which would allow the government to Streamlining regulations, shortening
in the approval process. set maximum time limits on approvals for timelines, reducing uncertainty and
We welcome the proposal to eliminate energy projects. This is a step in the right removing political risk are all laudable
cabinet approval of new oil sands direction, as it addresses a policy failure initiatives that will better reconcile the
development projects for three specific that's been hurting Alberta's goals of sustainable energy
reasons. competitiveness. development, environmental protection
First, it automatically reduces the We don't believe, as some might argue, and social cohesion.
approval timeline for projects. As that these changes will diminish Alberta's Jairo Yunis and Steven Globerman are
documented in previous , Alberta suffers regulatory oversight of energy analysts at the Fraser. © Troy Media
long wait times for project approvals
Industry supporters of responsible energy
