McInnes Cooper Review: N.B.'S OIL & GAS INDUSTRY SUBJECT TO NEW "RULES"3/7/2013
On February 15, 2013 the N.B. Government released “Responsible Environmental Management of Oil and Natural Gas Activities in New Brunswick – Rules for Industry” governing the activities and facilities of oil and gas companies on both privately and publicly owned lands in N.B. Purporting to be a “one stop shopping” framework for oil and gas activities in N.B., the Rules are broad in both scope and requirements. However, they are not the final word on oil and gas regulation in N.B.: there are a number of outstanding “action items,” and the Province intends to monitor and re-evaluate them over the next two years.
Oil and gas companies currently operating in N.B. or planning future work in N.B. will need to plan and conduct all activities in accordance with these Rules; failure to do so could ultimately delay or even jeopardize the future of a project.
Click here here to read more of McInnes Cooper’s review of N.B.’s Rules for the Oil and Natural Gas Industry.