Stikeman Elliott

A Big Step Toward Public Confidence in Federally Regulated Pipelines: Canada’s Proposed Financial Requirements Unveiled

Courtesy of Stikeman Elliott via Canadian Energy Law. View original article here. With the publication of the Pipeline Financial Requirements Regulations in Part I of the Canada Gazette on September 29, 2016, the federal government provided pipeline companies a first glimpse at the absolute liability (i.e. liability without proof of fault or negligence) regulatory regime first set… [Read More…] about A Big Step Toward Public Confidence in Federally Regulated Pipelines: Canada’s Proposed Financial Requirements Unveiled

Pan-Canadian Carbon Plan

Courtesy of Stikeman Elliott. View original article here. What does it mean for you  As of January 2018, all Canadians will be paying a price for carbon. The Announcement After much anticipation, Justin Trudeau recently announced that Canada would implement a national price on carbon by 2018. The announcement was met with significant media fanfare… [Read More…] about Pan-Canadian Carbon Plan

“Pétrole social”: What’s That?

Courtesy of Stikeman Elliott. View original article here. On April 7, 2016, Premier Philippe Couillard and four of his ministers unveiled Quebec’s 2030 Energy Policy. As discussed in our April 8 overview post, this initiative is a “green” policy that sets ambitious de-carbonization goals. The last chapter of the Policy deals with fossil fuels (pages 57 to… [Read More…] about “Pétrole social”: What’s That?

Federal Budget Addresses the Taxation of Emissions Allowances

Courtesy of Stikeman Elliott. View original article here. Prior to the federal budget of March 22, 2016 (Budget 2016), the tax treatment of emissions allowances was governed by general principles of income tax law.  Budget 2016 proposes to introduce a specific regime that applies to emissions allowances. Pursuant to Budget 2016, emissions allowances will be treated as… [Read More…] about Federal Budget Addresses the Taxation of Emissions Allowances

Ontario’s Long Awaited Cap-and-Trade Plan

Courtesy of Stikeman Elliott. View original article here. Yesterday, the provincial government released its 2016 Ontario Budget and with it came the details of their much anticipated cap-and-trade plan. The plan, which will be governed by the Climate Change Mitigation and Low Carbon Economy Act, will be linked to existing cap-and-trade systems in Quebec and California… [Read More…] about Ontario’s Long Awaited Cap-and-Trade Plan

Key Issues in Canadian Energy M&A for US Buyers

Courtesy of Stikeman Elliott. View original article here. Although Canada is undergoing its most severe oil and gas downturn since 1998, it remains an important jurisdiction for oil and gas investment and will continue to import substantial amounts of capital and technical expertise from the United States in order to develop its considerable hydrocarbon potential.… [Read More…] about Key Issues in Canadian Energy M&A for US Buyers

PIPE Investments in Canadian Listed Oil & Gas Companies

Courtesy of Stikeman Elliott. View original article here. A substantial private placement or “private investment in public equity” (a PIPE) involves the direct or indirect acquisition of a control position in a public company by an investor through the purchase of shares of the target and (in most cases) warrants or debentures that are convertible… [Read More…] about PIPE Investments in Canadian Listed Oil & Gas Companies

Alberta’s Modernized Royalty Framework

Courtesy of Stikeman Elliott. View original article here. On January 29, 2016 Alberta’s NDP Government announced a summary of a Modernized Royalty Framework (MRF) that it intends to implement. During last spring’s election campaign, the NDP had promised to review the Province’s royalty system. The objective of this review was to design a royalty system that… [Read More…] about Alberta’s Modernized Royalty Framework

Pipe Dreams Deferred: A Look Back on How Major Canadian Pipeline Projects Fared in 2015 and Outlook for the Future

Courtesy of Stikeman Elliott. View original article here. 2015 was not been a banner year for major inter-provincial or international pipeline projects in Canada. Apart from Enbridge finally being granted leave to open its Line 9 Reversal Project, 2015 brought little progress to report on the market access front as most of the major projects… [Read More…] about Pipe Dreams Deferred: A Look Back on How Major Canadian Pipeline Projects Fared in 2015 and Outlook for the Future

2016 Oil and Gas M&A Trends in Canada

Courtesy of Stikeman Elliott. View original article here. Despite widespread anticipation that 2015 would see an increase in oil and gas M&A and related financing activity, there turned out to be significantly less activity in 2015 than there was in 2014, as crude oil prices remained below US$50/bbl and more recently fell below US$40/bbl. With… [Read More…] about 2016 Oil and Gas M&A Trends in Canada