Even as an Albertan, and even though I work in software and some of my clients are in oil/gas so my livelihood depends on that industry to a degree, I agree quite a lot with this.

Most oil/gas companies do NOT have their shit together and it IS entirely their fault, so it is insane to me that something like this would not apply to them.

The AER does audit and has, even very recently, shut down entire oil/gas companies for mismanagement due to the companies not following the directives they have put forward (correct and up to date schematics, routine maintenance, etc), but I think it is clear they do not audit enough.

What freaks me out a little bit is that the US has less regulation than Alberta by a lot. I am fairly certain schematics are not even required for oil/gas sites in the US in the first place.