AER issues rules to regulate fracking, and monitor and prevent earthquakes in the province. Alberta has the third proven crude oil reserve in the world, after Saudi Arabia and Venezuela. All oil producers must show the impact of fracking, and implement a monitoring and response program. Jim Ellis, AER’s CEO:
While these seismic events have not impacted public safety, it is our job to take this precautionary step to ensure energy resources in this area are developed in a safe and responsible manner.