Preserving Canada’s Economic Prosperity Act
Repealed
Preserving Canada’s Economic Prosperity Act, SA 2018 cP-21.5
Summary
The Preserving Canada’s Economic Prosperity Act requires companies to obtain an export license before exporting natural gas and crude oil from Alberta.
The Minister may by order suspend, revoke or amend a license if the Minister determines that it is in the public interest of Alberta to do so, having regard to the whether adequate pipeline capacity exists to maximize the return on crude oil and diluted bitumen produced in Alberta, and whether adequate supplies and reserves of natural gas and crude oil will be available for Alberta’s needs.
No action may be commenced against the Minister, the Crown or any employee or agent of either of them for anything done or omitted to be done in good faith while carrying out any duties or
exercising any powers under this Act or the regulations.
Contraventions of the Act, regulations, terms or conditions of licenses or an order or direction of the Minister may result in fines up to $10 million per day for companies and $1 million per day for individuals.
In Force: May 1, 2021