Energy Resources Conservation Board - ERCB

AAA

DEFINITION of 'Energy Resources Conservation Board - ERCB'

An agency of the government of Alberta responsible for the regulation and development of the province's natural resources. The Energy Resources Conservation Board is comprised of engineers, geologists and other technical personnel from across the province, and is directed by an eight-member board. The focus of the agency is to ensure that resources are developed in the public interest.

INVESTOPEDIA EXPLAINS 'Energy Resources Conservation Board - ERCB'

The Energy Resources Conservation Board was created in 2008, though natural resource development in Alberta had been regulated by government agencies since the 1930s. It is a quasi-independent organization that reports to the province's Ministry of Energy, and is tasked with reviewing applications for resource development, examining the effect of resource exploitation and managing fees charged to energy companies.

RELATED TERMS
  1. Resource Curse

    A paradoxical situation in which countries with an abundance ...
  2. Alberta Heritage Savings Trust ...

    A provincial fund established in the Canadian province of Alberta ...
  3. Tragedy Of The Commons

    An economic problem in which every individual tries to reap the ...
  4. Estimated Ultimate Recovery - EUR

    A production method commonly used in the oil and gas industry. ...
  5. Oil Sands

    Sand and rock material which contains crude bitumen (a heavy, ...
  6. Barrels Per Day - B/D

    A measure of oil output, represented by the number of barrels ...
Related Articles
  1. Peak Oil: What To Do When The Wells ...
    Economics

    Peak Oil: What To Do When The Wells ...

  2. Uncovering Oil And Gas Futures
    Active Trading

    Uncovering Oil And Gas Futures

  3. Investing In Oil And Gas UITs
    Mutual Funds & ETFs

    Investing In Oil And Gas UITs

  4. Natural Gas Industry: An Investment ...
    Forex Education

    Natural Gas Industry: An Investment ...

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center