June 19: Pipeline Safety Act Took Effect

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On June 19, 2016, the Pipeline Safety Act took effect, making important changes to the National Energy Board Act and the Canada Oil and Gas Operations Act. The most significant changes relate to absolute liability and financial resource requirements, abandonment, pipeline releases, damage prevention, and audit and enforcement powers. Specifically, NEB-regulated companies operating pipelines that have the capacity to transport at least 250,000 barrels per day of oil will now be liable for all costs and damages for an unintended release, up to $1 billion, regardless of fault.