Canada Energy Regulator Commission issues new exemption orders to simplify approval process for negligible-risk oil and gas projects
- Says the exemption orders, effective December 1, will replace those previously issued under the National Energy Board Act
- ‘Negligible-risk projects’ are projects where authorization is already in place, but doesn’t cover certain things like adding storage facilities
Headlines via Reuters
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This regulatory change is a clear positive for the Canadian oil and gas industry, particularly for producers and midstream pipeline companies. By simplifying the approval process for "negligible-risk" projects, the CER is effectively reducing red tape, lowering compliance costs, and accelerating timelines for small-scale expansions and maintenance.
This move will likely be welcomed by the market as it improves capital efficiency for firms, allowing them to optimise existing assets and deploy capital more quickly without facing lengthy regulatory hurdles for minor projects, such as adding storage.
