On October 24, 2012, the Alberta Minister of Energy introduced Bill 2 – the Responsible Energy Development Act (“Responsible Energy Act”) in the Alberta Legislature. On November 21, 2012, Bill 2 passed third reading and was given Royal Assent on December 10, 2012.
This legislation represents a major step in the Alberta Government’s implementation of its 2010 Enhancing Assurance initiative. This initiative, designed to make the regulatory system for energy development more streamlined and efficient, includes the establishment of a single energy regulator for licences and approvals required for energy development. The Responsible Energy Act establishes this single regulator.
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