B.C. fracturing under stringent regulations
Government of British Columbia informed that hydraulic fracturing in B.C. is safely managed as LNG industry becomes reality and natural gas activity increases.
Statement by the province reveals that an independent report by Ernst & Young found British Columbia has a robust regulatory framework in place to oversee hydraulic fracturing. Specifically, the Ernst & Young report stated, “the issues presented by hydraulic fracturing are being effectively managed” by the BC Oil and Gas Commission, the provincial regulator.
The report also states, “none of the opportunities … constitute major failings of the regulatory framework, nor do we believe that there are any significant sources of risk that remain untouched by regulation.” In other words, Ernst & Young didn’t find any gaps in B.C.’s regulations – but rather identified opportunities to strengthen B.C.’s approach, the province said.
Minister of Natural Gas Development Rich Coleman, said, “This independent report confirms that British Columbia has a robust regulatory framework governing hydraulic fracturing.”.