What is the role of the eub in Alberta?
The EUB is a quasi-judicial (court-like), independent agency of the Alberta government. The EUB oversees energy resources and public utilities in the province. Energy resources include oil, natural gas, oil sands, coal, coalbed methane and electrical energy.
How many ERCB field centers are there in the province of Alberta?
Led by eight Board members, the ERCB’s team of engineers, geologists, technicians, economists, and other professionals served Albertans from thirteen locations across the province.
Who funds the Alberta energy Regulator?
The AER is 100 per cent funded by industry and is authorized to collect funds through an administrative fee levied on energy development projects and activities. This model is used by other regulatory agencies in North America, such as the Alberta Utilities Commission and the British Columbia Oil and Gas Commission.
Is Alberta Energy Regulator a government agency?
The AER operates at arm’s length from the Government of Alberta, under an appointed board of directors headed by Chair David Goldie.
Who is the AER?
The AER regulates wholesale and retail energy markets, and energy networks, under national energy legislation and rules. Our functions mostly relate to energy markets in eastern and southern Australia.
Where does Alberta get its oil?
In Canada, the term ‘conventional crude oil’ usually refers to light, medium and heavy hydrocarbons like those produced from the Western Canadian Sedimentary Basin, an area that includes Alberta and is the traditional source for most Canadian oil production.
How much conventional oil does Alberta produce?
3.79 million barrels per day
In 2020, Alberta produced 3.79 million barrels per day (MMb/d) of crude oil (including condensate and pentanes plus) (Figure 1). Alberta is the largest producer of crude oil in Canada, accounting for 80% of total Canadian production as of 2020.
What does AER stand for in Alberta?
Alberta Energy Regulator
This EnerFAQs explains how the Alberta Energy Regulator, or AER, ensures the safe, efficient, orderly, and environmentally responsible development of oil, oil sands, natural gas, and coal resources over their entire life cycle.
What government agency is responsible for the oversight of oil and gas production in Alberta?
The Alberta Energy Regulator (AER) is responsible for regulating the life cycle of oil, oil sands, natural gas and coal projects in a manner that protects public safety and the environment.
How does the AER work?
Calculating the AER will allow you to work out exactly what’s happening with your savings. To calculate AER, divide the gross interest rate by the number of times per year that interest is paid on your account, and add one. You then increase the result to the number of times a year interest is paid.