DATE ISSUED: Aug. 19, 2020
EFFECTIVE DATE: Immediately
In April, the BC Energy Regulator (Regulator) temporarily postponed the invoicing of the Orphan Site Restoration Levy, as set out under section 47 of the Oil and Gas Activities Act.
The Regulator has now begun work under the planned orphan program for this fiscal year and as such, will be issuing the invoices for the levy on Sept. 1, 2020. The amount to be levied is $11.25 million as per section 24.3 of the Fee, Levy and Security Regulation.
If you have any questions regarding this Industry Bulletin, please contact:
Joel Cave
Director, Finance and Administration
BC Energy Regulator
250-419-4412