On October 24, 2012, the Government of Alberta introduced Bill 2: the Responsible Energy Development Act (“REDA”). If enacted, REDA will establish a single energy regulator and create a new regulatory framework for energy resource projects in Alberta.
The new Alberta Energy Regulator (“AER”) will supersede the Energy Resources Conservation Board (“ERCB”) as the provincial energy resource regulator and will be responsible for the existing regulatory functions of the ERCB, as well as certain functions of Alberta Environment and Sustainable Resource Development (“ESRD”).
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