Industry Newsfeed

Ontario Introduces Sweeping Changes to Environmental Legislation

Courtesy of Osler. View original article here. On July 21, 2020, the COVID-19 Economic Recovery Act, 2020 (Bill 197) received Royal Assent. Bill 197 amends multiple statutes as part of the Ontario government’s efforts to stimulate the economy by simplifying regulatory processes across various industries. Bill 197 amends 20 statutes, including significant amendments to key environmental legislation… [Read More…] about Ontario Introduces Sweeping Changes to Environmental Legislation

Alberta Announces New Framework to Speed Up Oil & Gas Reclamation

Courtesy of Osler. View original article here. On July 30, 2020, the Alberta government announced a new Liability Management Framework (the Framework) aimed at expediting the cleanup of orphan and inactive well sites. The Framework signals a more active approach to reclamation and management of those sites, seeking to reduce their number while providing flexibility… [Read More…] about Alberta Announces New Framework to Speed Up Oil & Gas Reclamation

Aiming for Maximum (GHG) Impacts

Courtsey of McCarthy Tetrault. View original article here. On July 17, 2020, the Government of Canada published its Strategic Assessment of Climate Change (SACC), which will be used to assess the impacts of climate change in federal impact assessments conducted under the federal Impact Assessment Act (IAA). The SACC is deemed a strategic assessment under section 95 of the… [Read More…] about Aiming for Maximum (GHG) Impacts

BC Introduces Bill 6 to Align the Province’s Mining Sector with Global Best Practices

Courtesy of Osler. View original article here. Introduction On June 22, 2020, the Government of British Columbia introduced Bill 6 – 2020: Mines Amendment Act, 2020 (Bill 6) in the Legislative Assembly. The proposed amendments will restructure the Ministry of Energy, Mines and Petroleum Resources by establishing a new Mine Audits and Effectiveness Unit to be led by… [Read More…] about BC Introduces Bill 6 to Align the Province’s Mining Sector with Global Best Practices

BC Introduces Proposed Amendments to the Mines Act

Courtesy of McCarthy Tetrault. View original article here. The BC government has introduced proposed changes to the Mines Act (the Act) in Bill 6 (Mines Amendment Act, 2020), which passed its First Reading in the Legislative Assembly on June 22, 2020. The proposed changes were developed in response to lessons learned from the 2014 tailings spill at the Mount… [Read More…] about BC Introduces Proposed Amendments to the Mines Act

Regulation for Offshore Drilling Creates Welcome Efficiencies Under the Impact Assessment Act

Courtesy of Osler. View original article here. On June 3, 2020, Canada’s Minister of Environment and Climate Change (the Minister) issued the Regulation Respecting Excluded Physical Activities (Newfoundland and Labrador Offshore Exploratory Wells) (the Regulation) pursuant to the Impact Assessment Act [PDF] (the IAA). The Regulation exempts proposed exploratory drilling operations occurring offshore Newfoundland and Labrador from the requirement… [Read More…] about Regulation for Offshore Drilling Creates Welcome Efficiencies Under the Impact Assessment Act

Alberta Court Gives Cabinet 10 Days to Decide on Oil Sands Project

Courtesy of Osler. View original article here. In reasons for decision issued on February 18, 2020, the Alberta Court of Queen’s Bench confirmed in Prosper Petroleum Ltd v Her Majesty the Queen in Right of Alberta [PDF] (Prosper) that the Alberta Cabinet cannot unreasonably and unjustifiably delay its decision on whether to approve an oil sands project.… [Read More…] about Alberta Court Gives Cabinet 10 Days to Decide on Oil Sands Project

ASC Clarifies Expectations Relating to Production Disclosure by Oil and Gas Issuers

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

2019 Oil and Gas Review

Courtesy of Stikeman Elliott. View original article here. ASC Acknowledges “Unprecedented Circumstances Continuing in Alberta’s Capital Markets” In this year’s Oil and Gas Review, the Alberta Securities Commission highlights the continuing constraints facing reporting issuers and ongoing reporting concerns – the lack of public financing and its impact on reserve estimations taking centre stage. The Alberta Securities… [Read More…] about 2019 Oil and Gas Review

New York Attorney General Climate Change Fraud Case against Exxon Mobil Dismissed

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