How to Ensure Compliance and Mitigate Risk
In recent years, there has been a noticeable uptick in the volume of audits conducted by the Alberta Energy Regulator (AER). This trend is not showing signs of slowing down anytime soon, indicating a heightened focus on regulatory compliance, particularly in emissions programs. As businesses navigate this evolving landscape, it’s crucial to stay ahead of the curve and ensure adherence to regulatory standards.
Audit Activities
The AER’s dedication to emissions programs is evident from their increased scrutiny, as reflected in their audit activities. By examining the AER’s website, it’s clear that emissions management is a top priority, with a focus on remedial activities and program development and management.
For companies operating in industries under AER jurisdiction, such as oil and gas, the rise in audits poses both challenges and opportunities. It’s essential for businesses to proactively address compliance issues and implement robust remedial measures to mitigate regulatory risks effectively.
One area of particular concern is the Methane Emission Reductions Volumetric Reporting (MRRCP) audits, which have seen a significant surge in recent years. For instance, while there were only six MRRCP audits conducted in 2021, this number skyrocketed to 45 in 2022. This sharp increase underscores the AER’s heightened focus on methane emissions and the importance of proactive measures to address them.
In recent years, there has been a noticeable uptick in the volume of audits conducted by the Alberta Energy Regulator (AER). This trend is not showing signs of slowing down anytime soon, indicating a heightened focus on regulatory compliance, particularly in emissions programs. As businesses navigate this evolving landscape, it’s crucial to stay ahead of the curve and ensure adherence to regulatory standards.
Taking Proactive Steps
Fortunately, companies can take proactive steps to navigate the complexities of AER audits and ensure compliance with regulatory requirements. One such measure is the implementation of a robust Fugitive Emissions Management Program (FEMP).
Our Blue Chip and Green Chip specialists can help with a well-designed FEMP, not only helping you meet regulatory obligations but also demonstrating a commitment to environmental stewardship.
Furthermore, Blue Chip specializes in emissions management and regulatory compliance. Our experts can provide valuable support in developing and implementing effective remedial activities, as well as managing ongoing compliance efforts.
As we await the release of the AER’s 2023 audit data, now is the time for companies to proactively address compliance concerns and take proactive steps to ensure regulatory compliance. By partnering with an industry advisor like Blue Chip and Green Chip, businesses can navigate the rise in AER audits with confidence and peace of mind.
At Blue Chip, we understand the importance of staying ahead of regulatory trends and helping our clients navigate the ever-changing landscape of emissions management. With our expertise in FEMP and emissions program support, we are well-equipped to assist companies in meeting their regulatory obligations and mitigating compliance risks.
Contact us today to learn more about how we can help you achieve compliance and mitigate regulatory risks in the evolving regulatory landscape. Email info@bluechipmrc.com
Original source: Alberta Energy Regulator (AER.ca)
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