ARCHIVED - Update on Financial Requirements (COGOA)

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Through engagement with Northerners, environmental groups, industry and other stakeholders, the National Energy Board (NEB or the Board) heard that additional clarity was sought on financial requirements for all NEB-authorized activities and regions covered by the Canada Oil and Gas Operations Act (COGOA).

Draft guidance was released for public review in May 2013, with a comment period that closed October 31, 2013. All comments were carefully reviewed and considered. The Board has issued a letter to interested parties outlining next steps in developing Financial Filing Requirements for applications under COGOA.

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