16:47:15 EDT Wed 15 May 2024
Enter Symbol
or Name
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CA



MEG Energy Corp
Symbol MEG
Shares Issued 281,643,921
Close 2023-12-15 C$ 23.37
Market Cap C$ 6,582,018,434
Recent Sedar Documents

Globe says Alberta may cap water access for MEG, rivals

2023-12-18 07:39 ET - In the News

The Globe and Mail reports in its Saturday, Dec. 16, edition that the Alberta Energy Regulator has warned fossil-fuel companies that their access to water may be restricted next year because of parched conditions in Western Canada. The Globe's Carrie Tait writes that the AER issued a bulletin this week advising energy companies to prepare for water shortages, particularly in the southern part of the province. Some companies may not be able to divert water toward their operations in 2024, the AER said. The federal government has classified 72 per cent of the country as abnormally dry, or under moderate to exceptional drought conditions. This included 81 per cent of Canada's agricultural landscape as of the end of November. The Prairie region, however, is under the most pressure, with 97 per cent classified as abnormally dry or experiencing moderate to exceptional drought. Alberta is preparing a drought emergency plan for 2024, and some parts of the province have been operating under water restrictions for months. The AER's warning applies to all energy companies that hold water licences, which are required in the province for diverting water for industrial, municipal or agricultural use.

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