554-NPP Risk Assessment and Implementation Options – Study

Subject to this NPP, the Alberta Energy Regulator (AER) intends to enter into an agreement with Marsh to complete a risk analysis of closure financial instruments for the oil and gas sector that aligns with leading practices. In February 2026, Marsh conducted a comprehensive review and analysis of several forms of financial security options (‘Security Options’) related to the Board Initiative – Closure Financial Instruments. This foundational work is being utilized to inform potential solutions