The National Energy Board’s (NEB or Board) 2014 annual report was tabled in Parliament. The report is produced each year and provides an overview of the Board’s activities for that calendar year.
“We continued to assert a strong regulatory presence in 2014 and have worked hard to keep Canadians safe and protect the environment” said Peter Watson, Chair and Chief Executive Officer. “I want the public to feel certain that they have a regulator they can trust, and I believe the information outlined in our Annual Report provides that confidence.”
Some highlights include:
- Receiving nearly 600 applications for energy infrastructure, imports/exports, tolls and tariffs and abandonment of facilities – a 17%cent increase from 2013.
- Completing over 150 engagement activities – a 64% increase from 2013.
- Completing over 350 compliance activities – a 14% increase from 2013.
The Board took strong enforcement actions in 2014 where any non-compliance was noted including 316 Notices of Non-Compliance, Inspection Officer Orders, Safety Orders and Administrative Monetary penalties. The Board was also pleased to see that overall incidents are down 37% from the previous year.
The National Energy Board is an independent federal regulator of several parts of Canada's energy industry with the safety of Canadians and protection of the environment as its top priority. Its purpose is to regulate pipelines, energy development and trade in the Canadian public interest.
Adapted from press release by Hannah Priestley-Eaton
Read the article online at: https://www.worldpipelines.com/business-news/05052015/neb-annual-report-safety-environmental-protection-and-engaging-canadians/