Man­ag­ing Trust

Alberta Oil - - OBSERVER NEWS NUMBERS PEOPLE PLACES -

Reg­u­la­tors, by def­i­ni­tion, tend to be a lot bet­ter at re­act­ing to a prob­lem than pre-empt­ing one. And the Al­berta En­ergy Reg­u­la­tor (AER) is no dif­fer­ent. But that doesn’t mean they’re pas­sive or im­mune to change. The past 12 months have seen plenty of the lat­ter, shak­ing up the way the reg­u­la­tor – and, there­fore, the in­dus­try – con­ducts business. From the in­tro­duc­tion of a play-based reg­u­la­tion pi­lot pro­gram, to the pro­posed divi­sion of the AER it­self into sep­a­rate en­ti­ties, the only real con­stant over the past year has been change. That’s with­out even men­tion­ing, of course, the over­sight of a new pro­vin­cial gov­ern­ment, the in­tro­duc­tion of a broad, car­bon-cut­ting cli­mate plan and wors­en­ing eco­nom­ics for re­source com­modi­ties. Just keep­ing up with all of the reg­u­la­tory shifts is a dif­fi­cult enough feat, never mind ac­tu­ally im­ple­ment­ing them. To­day, that job be­longs to JIM EL­LIS, the for­mer deputy min­is­ter for Al­berta En­ergy, who has been at the helm of the AER since June 2013 as its pres­i­dent and CEO. And while he ac­knowl­edges that times are tough and get­ting tougher for the in­dus­try and for the gov­ern­ment that de­pends on it for rev­enues, he’s adamant that now, more than ever, is the right time for greater trans­parency in the en­ergy sec­tor.

Jim El­lis, Pres­i­dent and CEO, Al­berta En­ergy Reg­u­la­tor

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