The National Energy Board (NEB) has signed a Memorandum of Understanding (MOU) with Mexico's Energy Regulatory Commission — Comisión Reguladora de Energía — to guide ongoing collaboration and the exchange of technical and regulatory information.
With a view of promoting regulatory excellence in both countries, the MOU provides a framework for the two organisations to share experiences, lessons learned and best practices on subjects such as pipeline safety, damage prevention, safety culture, transparency and communications.
Today's announcement takes place on the margins of the Conference of Montreal of the International Economic Forum of the Americas, which welcomes hundreds of leaders from business, government academia, trade unions and civil society between 12 and 15 June 2017.
At the Conference later today, Josée Touchette, the NEB's Chief Operating Officer, will participate in a round table discussion on the challenges to energy infrastructure regulators with her counterparts from Mexico and the United States (Alejandro Chanona Robles, Director General, Comisión Reguladora de Energía, and Alan Mayberry, Assistant Administrator, U.S. Pipeline and Hazardous Materials Safety Agency).
"We are pleased to enhance our relationship with our Mexican counterparts. This agreement strengthens the foundations for a meaningful and sustained dialogue on pipeline safety between our two countries" — Peter Watson, NEB Chair and Chief Executive Officer
"Regulatory excellence is not a one-time exercise. We continually assess what we do and how we do it to look for improvements to raise the bar even higher. The exercise includes looking for best practices and sharing lessons learned with our international counterparts." — Josée Touchette, NEB Chief Operating Officer
"The signing of the MoU between Mexico's Energy Regulatory Commission and the National Energy Board of Canada deepens the standing partnership between our regulators. I am confident our expanded collaboration plans will accelerate the exchange and adoption of regulatory best practices, and strengthen our bilateral ties in the context of greater North American energy integration." — Guillermo Ignacio García Alcocer, CRE Chairman
The National Energy Board is an independent federal regulator of several parts of Canada's energy industry. It regulates pipelines, energy development and trade in the public interest with safety as its primary concern. For more information on the NEB and its mandate, please visit www.neb-one.gc.ca.
SOURCE: The National Energy Board
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.