Canada sets pipeline financial thresholds

By OGJ editors

The Canadian government will require pipelines under its jurisdiction to be strong enough financially to “respond to any incident and remedy damage,” it said in a press statement.

Major crude oil pipelines, for example, must have “a minimum financial capability of $1 billion,” according to Joe Oliver, minister of natural resources.

The federal government regulates pipelines that cross provincial or international borders.

Among new measures, the government will impose penalties on companies and individuals for a range of infractions of $25,000-100,000. The fines, according to the statement, “will preventatively address contraventions quickly so that larger issues do not arise in the future.”

The government also will require companies to appoint an accountable senior officer to ensure management systems and programs comply with its regulations.

It will ensure companies’ environmental plans are transparent and easily available for public review.

And it will make the “polluter-pays” principle explicit in law.

Federal oversight applies to about 71,000 km of pipelines and about 100 companies.

Related Articles

DOE approves LNG exports to non-FTA countries from Oregon project

03/24/2014 The US Department of Energy conditionally approved Jordan Cove Energy Project LP’s application to export LNG through its proposed terminal on Orego...

INGAA Foundation forecasts oil, gas infrastructure outlays to 2035

03/24/2014 An estimated $640.9 billion, or an average $29.1 billion/year, will need to be spent on US and Canadian midstream crude oil, natural gas, and natur...

Export short-sightedness

03/24/2014 Opposition by specific refiners to US exports of crude oil should surprise no one. The export ban suppresses the price of domestically produced lig...

HSC remains closed, fuel cleanup continues after barge collision

03/24/2014 The Houston Ship Channel (HSC) remained closed to unauthorized vessels Mar. 24 as the result of a temporary emergency safety zone being established...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected