"With the GNWT Regulator and the NEB each playing a role in regulating oil and gas activities in the NWT onshore, this MOU is an important step to ensuring that those roles are coordinated and that, as much as possible, there is a predictable regulatory regime across the territory," said Minister Ramsay.

"This memorandum of understanding symbolizes our shared commitment to regulatory excellence. The National Energy Board welcomes all opportunities to collaborate with other regulators to promote the best outcomes for Canadians," says NEB Chair and CEO, Peter Watson.

The MOU reflects both regulators’ roles in regulating oil and gas operations in the Northwest Territories: the GNWT Regulator in the onshore Northwest Territories, excluding the Inuvialuit Settlement Region and federal areas, and the NEB in the Inuvialuit Settlement Region, federal areas, and the offshore.

The MOU signals the intent of both regulators to work together on projects that affect each of their jurisdictions and to keep each other apprised of proposed changes in legislation and policy that could result in differing regulatory requirements across the NWT.

The MOU is available on the Office of the Regulator of Oil and Gas Operations (OROGO) website www.oilandgasregulator.iti.gov.nt.ca and on the NEB website at http://www.neb-one.gc.ca/bts/ctrg/mmrndm/index-eng.html.

The National Energy Board is an independent federal regulator of several parts of Canada’s energy industry with the safety of Canadians and protection of the environment as its top priority. Its purpose is to regulate pipelines, energy development and trade in the Canadian public interest. For more information on the NEB and its mandate, please visit www.neb-one.gc.ca.