Regulatory Compliance: Get It Right, The First Time
A new course will provide actionable insights and strategies for oil and gas companies to improve their compliance efforts, build trust with regulators, and enhance their reputation and resilience.
Former Alberta Energy Regulator director and previous lawyer Erin Maczuga, a compliance and regulatory affairs expert, will equip participants with the knowledge and skills needed to manage regulatory compliance effectively and reduce the risk of enforcement action and penalties.
Regulatory Compliance: Get it right, the first time directly helps oil and gas companies prepare for unexpected compliance and enforcement actions because even best in class operators can have spills and other unexpected environmental issues.
Maczuga said compliance with regulatory requirements is critical for energy companies for many reasons including managing risk, cost savings, protecting the environment and building trust with regulators, stakeholders, and the public.
“The regulatory landscape in the energy sector is constantly evolving, and it is important for organizations to stay up-to-date with the latest best practices for ensuring compliance in order to successfully navigate through the energy transition,” said Maczuga, who is the original architect of the AER's Compliance and Enforcement Program.
“In this course, you will learn how to communicate with energy regulators before and after things go wrong and develop a new compliance-focused mindset to avoid issues altogether and help your company thrive, not just survive, during the energy evolution.”
Participants will gain an in-depth understanding of the regulatory landscape in the energy sector and best practices for ensuring compliance, managing the compliance function within their organization, and ensuring fairness in regulatory decision making.
This course is focused on regulatory compliance in the energy sector and requires some prior knowledge of regulatory requirements and processes. Case studies and hands-on demonstrations are part of the course.
- Learn how taking a strategic approach to compliance and developing a new compliance-mindset can build trust and create value for your customers, stakeholders, and society at large
- Apply proactive compliance assurance approaches to reduce response times to regulatory inquires and to achieve the best possible inspection/audit outcomes
- Create an incident management plan that meets regulatory expectations reducing the likelihood of further compliance action
- Analyze enforcement decisions to determine if legal standards are met to ensure you achieve the best possible regulatory, operational, and business outcomes
Not only will participants learn about the topics covered, but they will also receive practical tips and guidance that they can implement in their organizations,” said Maczuga, chief compliance officer and founder of Calgary-based Compliance Kiwi.
He said the energy sector is going through an energy like evolution or transtion. Companies will have to look at doing things differently and a big part of it is regulatory compliance and adapting to changing societal expectations and regulatory requirements regarding emissions management, sustainable resources, and liability management.
"Compliance is a major issue, and companies must rethink their current approaches," said Maczuga. "Unfortunately, current methods are often ineffective, diffused, and costly. That’s why it’s crucial to develop new strategies that not only reduce compliance costs but also increase their effectiveness. By embracing this energy evolution and implementing the learnings from this course, companies will be poised to succeed in the new energy landscape.”
EXCLUSIVE OFFER: Receive three months free access to Compliance Kiwi’s mandatory notification database when you complete the course.