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Regulatory Bulletin, February 2023

British Columbia Energy Regulator Expands Responsibilities

The BC Oil and Gas Commission rebrand to the BC Energy Regulator includes a significantly expanded remit, including regulatory guidance for the energy transition, support for Reconciliation, and implementation of CleanBC goals and targets. Find out how these changes impact Alberta energy producers with our review of the CSEE BC Days Conference.

Also, in this edition, The International Sustainability Standards Board (ISSB) announced that new global sustainability and climate disclosure standards will be effective as of January 2024. The standards help organizations better communicate with investors and ensure consistent, comparable, and comprehensible information.

About: This bulletin highlights the regulatory changes and updates within the energy and natural resource sectors in North America that the Integrated Sustainability team has been tracking through February 2023.

International

  • New Global Sustainability and Climate Disclosure Standards in Effect January 2024

Federal

  • Government of Canada releases Sustainable Jobs Plan

Alberta

  • Government of Alberta/Danielle Smith’s response to Sustainable Jobs Plan
  • EPO Imperial’s Kearl Oil
  • New Editions of Directive 088 and Manual 023
  • Alberta to Pilot Oil and Gas Royalty Breaks

British Columbia

  • BC Days (in Alberta) Recap
  • New Measures for Old Growth, Innovation, and Forest Stewardship
  • Compliance Fines related to Sediment & Erosion

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The Regulatory Bulletin is sent at 12:30 PM, the first Thursday after month-end. This gives us a few days to assess all the regulatory updates from the previous month and highlight those with the largest impact – be that environmental, social, or economic. 

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