Kenney government aims to get the $30-million Calgary-based war room running this summer.
Enforcement plans could include an education campaign, written warnings, compliance orders and charges.
Experts concerned it could send unwelcome protectionist signals to the world leading to resisting market forces.
Promise is in line with the Conservative party’s economic and climate strategy.
Montney could compete with premier Texas shale oilfields but it’s being held back by a “cumbersome” regulatory system.
Slowdown due to decaying investor confidence as export pipeline projects are delayed.
Liberals taking heat over regulations, including those blamed for holding back construction of oil pipelines out of Alberta.
Cap stays, will proclaim into law a bill to cut oil shipments to BC in response its opposition to the Trans Mountain pipeline expansion.
Production in the quarter averaged 285,200 barrels of oil equivalent per day.
Natural Resources minister doesn’t expect the deadline will be pushed back again.
In Q1, improved commodity pricing drove a strong financial performance, and royalty payments of more than $190 million.”
Energy company showed a profit in Q1 compared to a loss a year ago.
New deadline will give the government more time to complete its consultations with Indigenous groups.
Lack of capital, rising exploration costs blamed.
Research suggests while renewables are still small, they play a big role in meeting new demand.