Courtesy of Osler. View original article here. In its annual Oil and Gas Review [PDF] published on December 23, 2019, the Alberta Securities Commission (ASC) highlighted concerns related to production disclosure by reporting issuers engaged in oil and gas activities. As our clients head into annual disclosure season, we have summarized certain key guidance points relevant to… [Read More…] about ASC Clarifies Expectations Relating to Production Disclosure by Oil and Gas Issuers
Courtesy of Stikeman Elliott. View original article here. In a December 2019 ruling, the New York Supreme Court dismissed an important action by the state’s Attorney General alleging that, between 2013 and 2016, Exxon Mobil Corporation had made material misrepresentations to the effect that it had fully considered the risks of climate change regulation. This… [Read More…] about New York Attorney General Climate Change Fraud Case against Exxon Mobil Dismissed
Courtesy of Osler. View original article here. On December 13, 2017, the Alberta Electric System Operator (AESO) announced the results of the first round of the Alberta Renewable Electricity Program (REP) competition. The REP is intended to encourage the development of 5,000 megawatts (MW) of renewable electricity generation capacity to the Alberta grid to meet… [Read More…] about Alberta’s first Renewable Electricity Program competition brings record-low wind power prices
Courtesy of Stikeman Elliott. View original article here. In the era of heightened regulatory enforcement, and with concerns over environmental protection increasing, the public is demanding comprehensive emergency response in the oil and gas industry. At the Canadian Energy Law Foundation’s 2017 Jasper Research Seminar, an annual event dedicated to the exploration of energy law… [Read More…] about Emergency Response Plans in the Oil & Gas Industry: Key Compliance Issues
Courtesy of Bennett Jones. View original article here. On October 12, 2016, a former GoodLife personal trainer filed a class action lawsuit for $60 million in damages under Ontario’s Class Proceeding Acts, 1992. The proposed class members include current and former non-managerial employees of GoodLife employed in Ontario since October 2014. The Action alleges, among other things, that… [Read More…] about Overtime Class Actions Gaining Traction in Canada: Is the Oil Patch Next?
Courtesy of Stikeman Elliott and Canadian Energy Law. View original article here. Background to Canada’s National Carbon Policy The recent federal plan for a national Canadian carbon price – rising to $50/+ CO2e by 2022 – has increased interest in carbon pricing policies and has highlighted the need to go beyond an initial headline number to determine… [Read More…] about Determining the Effective Price of Carbon
Volume 52, No 2 ISSN: 1925-8356 | Courtesy of Canadian Energy Law Edition | View Original Authors: Sonya Morgan, Michael J. Donaldson, Robert Wood This article summarizes a number of recent judgments applicable to the energy sector. Topics touched upon include the interpretation of freehold leases, rights of first refusal, farmout… [Read More…] about Recent Judicial Developments of Interest to Energy Lawyers