Why are licensees in the LLR and OWL Programs treated differently?
The differences are based on feedback from industry stakeholders and their level of risk tolerance. In transitioning from a full security Program to a risk based Program, it was decided that more stringent Program guidelines were to be implemented until the Program was proven effective in protecting the public of Alberta from bearing the costs should a licensee become defunct, and to minimize the risk to the Orphan Fund posed by the unfunded liability of facilities, wells, and pipelines included within the Program.
