Regulatory

From Commitment to Action: New Proposed Regulations to Reduce Emissions in Canada’s Oil and Gas Industry

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Courtesy of McCarthy Tetrault. View original article here. On May 27, 2017, the federal government published the proposed Regulations Respecting Reduction in the Release of Methane and Certain Volatile Organic Compounds (Upstream Oil and Gas Sector)(the Proposed Regulations) in the Canada Gazette Part I. The Proposed Regulations are designed to meet the federal government’s domestic (under… [Read More…] about From Commitment to Action: New Proposed Regulations to Reduce Emissions in Canada’s Oil and Gas Industry

To Regulate or Not to Regulate?

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Courtesy of McCarthy Tetrault. View original article here. BC Environmental Appeal Board Confirms that Provincial and Municipal Laws Designed to Regulate Air Emissions Do Not Impede on Federal Jurisdiction A decision released by the British Columbia Environmental Appeal Board (EAB) on May 12, 2017 has clarified the relationship between federal lands and provincial environmental legislation… [Read More…] about To Regulate or Not to Regulate?

Taking Action to Protect Electricity Consumers

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Courtesy of Alberta Energy. View original article here. Proposed legislation introduced today would cap electricity prices and protect the pocketbooks of Albertans. If passed, An Act to Cap Regulated Electricity Rates would ensure Alberta families, farms and small businesses on the Regulated Rate Option would not pay more than 6.8 cents per kilowatt hour over a four-year… [Read More…] about Taking Action to Protect Electricity Consumers

Transparency Initiatives in the Extractive Sector: ESTMA Reporting Deadline Approaching in Canada and Setbacks in the United States

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Courtesy of Bennett Jones. View original article here. The May 30, 2017, reporting deadline under the Extractive Sector Transparency Measures Act (ESTMA) is fast approaching. This annual reporting deadline under ESTMA applies to entities that: are listed on a Canadian exchange or meet the threshold size requirements (based on assets and revenues); are developing oil, gas and… [Read More…] about Transparency Initiatives in the Extractive Sector: ESTMA Reporting Deadline Approaching in Canada and Setbacks in the United States

The Timing of Major Energy Project Reviews

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Courtesy of Stikeman Elliott. View original post here. In recent years the timeline to complete Canadian regulatory reviews of proposed major projects – and particularly environmental assessments which are the key part of the project review process – has become a major political issue. Over the last decade or so, project proponents have consistently raised… [Read More…] about The Timing of Major Energy Project Reviews

AER to appeal Redwater decision to Supreme Court of Canada

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Courtesy of Alberta Energy Regulator. View original article here. The Alberta Energy Regulator (AER) will be seeking leave to appeal to the Supreme Court of Canada a recent Alberta Court of Appeal decision. In the 2-1 Alberta Court of Appeal decision, the majority dismissed the AER’s appeal of a Court of Queen’s Bench decision allowing… [Read More…] about AER to appeal Redwater decision to Supreme Court of Canada

All Wells May Not End Well: Alberta Court of Appeal Rules that Receivers and Trustees Can Orphan “Bad” Wells

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Courtesy of Stikeman Elliott. View original article here. In a much anticipated decision, a 2-1 majority of the Alberta Court of Appeal(the ABCA) has upheld the Alberta Court of Queen’s Bench (ABQB) decision in Re Redwater Energy Corporation, 2016 ABQB 278. The ABCA found in favour of receivers, trustees and secured creditors on the basis that the Bankruptcy and Insolvency… [Read More…] about All Wells May Not End Well: Alberta Court of Appeal Rules that Receivers and Trustees Can Orphan “Bad” Wells

Regulating in the Green Era: the AER Rules Land Disturbance Not Justifiable by Short-term Economic Advantage of New Pipeline

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Courtesy of Borden Ladner Gervais. View original article here. In January 2017, in ABAER 001 – Bonavista Energy Corporation A Regulatory Appeal of Two Well Licences and an Application for a Pipeline Gilby Field (Bonavista case), the Alberta Energy Regulator (AER) issued the first of its decisions for 2017 confirming two horizontal gas well licenses it issued… [Read More…] about Regulating in the Green Era: the AER Rules Land Disturbance Not Justifiable by Short-term Economic Advantage of New Pipeline

Ontario Cap-and-Trade Update: Auction, Decision and Proposal

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Courtesy of McCarthy Tetrault. View original article here. Quarterly Auction Kick-Off On March 22nd, 2017, the Ontario Government held the first quarterly auction for emission allowances under the Cap-and-Trade Program. As we previously reported, the Ontario Government indicated that it expects to raise $1.9B yearly from the sale of emission allowances. The first auction generated $472,031,155 in proceeds… [Read More…] about Ontario Cap-and-Trade Update: Auction, Decision and Proposal

Canada’s Stock Exchanges Favour Natural Resource Issuers

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Courtesy of Bennett Jones. View original article here. Canada is recognized as the world’s leading capital market for natural resource companies. Its stock exchanges boast over half of the world’s public mining companies and over one-third of the world’s public oil and natural gas companies. Canadian stock exchanges also present a recognized destination for foreign… [Read More…] about Canada’s Stock Exchanges Favour Natural Resource Issuers