-
Article
31 Jul 2020
Canada’s legislation on oil security
…country does not currently impose stockholding obligations on energy importers and does not have a Central Stockholding Entity (CSE). Instead, Canada’s ESEA created the Energy Supplies Allocation Board (ESAB) which prepares for emergencies and implements Canada’s oil supply emergency framework at times of crisis. Relevant domestic legislation Related domestic legislation Other related links Circumstances triggering operation of the emergency response system An oil supply emergency exists when there is an actual or anticipated shortages of oil or disturbances in the oil markets that affect or will affect Canada’s national security and welfare and economic stability (article 15…