FEDERAL regulations
The National Energy Board (NEB) is an independent federal regulatory agency that regulates the Canadian energy industry. The NEB was created in 1959 and reports through the Minister of Natural Resources to the Parliament of Canada. Its primary responsibilities include:
- Inter-provincial and international oil and gas pipelines and power lines,
- Export and import of natural gas under long-term licenses and short-term orders,
- Oil exports under long-term licenses and short-term orders (no applications for long-term exports have been filed in recent years), and
- Frontier lands and offshore areas not covered by provincial/federal management agreements.
- "Legal and Policy Frameworks - Canada". North America: The Energy Picture. Natural Resources Canada. January 2006. Retrieved 2015-01-12.
Provincial regulation
- Provincial regulation of oil and natural gas activities, pipelines, and distribution systems is administered by provincial utility boards. The producing provinces impose royalties and taxes on oil and natural gas production; provide drilling incentives; and grant permits and licenses to construct and operate facilities. The consuming provinces regulate distribution systems and oversee the retail price of natural gas to consumers. The key regulations with respect to the wholesale and retail electricity competition are at the provincial level. To date, two provinces (Alberta and Ontario) have initiated retail competition. In Alberta, the electricity sector is largely privatized, in Ontario the process is ongoing. In other provinces electricity is mostly generated and distributed by provincially-owned utilities
- BP and the US government are under fire for failing to take adequate measures to prevent the 20 April explosion that caused the leak, or for anticipating the ensuing environmental catastrophe.
- "Legal and Policy Frameworks - Canada". North America: The Energy Picture. Natural Resources Canada. January 2006. Retrieved 2008-08-16.
- "Legal and Policy Frameworks - Canada". North America: The Energy Picture. Natural Resources Canada. January 2006. Retrieved 2008-08-16.