Industry Newsfeed

Ontario Government Winds Down Cap & Trade Program and Overhauls Approach to Climate Change

Courtesy of McCarthy Tetrault. View original article here. On July 25, 2018, the newly formed Ontario Government introduced Bill 4, the Cap and Trade Cancellation Act, 2018 (the “new Act”), which repeals the Climate Change Mitigation and Low-carbon Economy Act, 2016 (the “old Act”) and provides for the wind-down of the province’s cap and trade program[1]. The new Act also… [Read More…] about Ontario Government Winds Down Cap & Trade Program and Overhauls Approach to Climate Change

To Remediate or Not to Remediate: Alberta Introduces Amendments to Provincial Remediation Certificate Program

Courtesy of McCarthy Tetrault. View original article here. Following stakeholder review and consultation, the Government of Alberta passed the Remediation Certificate Amendment Regulation by Order in Council on June 1, 2018. The Regulation, which will come into force on January 1, 2019, updates the current Remediation Certificate Regulation and re-names it the Remediation Regulation (the Regulation). Section 117 of the Environmental Protection… [Read More…] about To Remediate or Not to Remediate: Alberta Introduces Amendments to Provincial Remediation Certificate Program

Federal Energy Project Reviews: Timelines in Practice

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

Taking a Closer Look at the Implications of Ontario’s Announcement to Cancel its Cap-and-Trade Program

Courtesy of McCarthy Tetrault. View original article here. As promised during the election campaign, Ontario Premier-Designate Doug Ford announced that Ontario’s incoming government would dismantle the greenhouse gas (GHG) emission trading system, which has been in force in Ontario since January 1, 2017. In a press release issued on June 15, 2018, Mr. Ford indicated that his… [Read More…] about Taking a Closer Look at the Implications of Ontario’s Announcement to Cancel its Cap-and-Trade Program

Falling Markets and Canadian Exits Illustrate Transaction Activity in the Oil and Gas Sector

Courtesy of Stikeman Elliott. View original article here. The following is an adapted summary of data provided in Stikeman Elliott LLP’s Canadian Oil & Gas 2017 Annual Review. Overview 2017 was another turbulent year in the oil and gas sector. The regulatory and economic climates for oil and gas continued to shift quickly throughout the… [Read More…] about Falling Markets and Canadian Exits Illustrate Transaction Activity in the Oil and Gas Sector

Gross Overriding Royalty as Interest in Land – the Clear Language Conundrum Continues

Courtesy of Borden Ladner Gervais. View original article here. In 2002 the Supreme Court of Canada, in Bank of Montreal v Dynex Petroleum Ltd, 2002 SCC 7 (Dynex) affirmed that gross overriding royalty interests (GOR) could constitute interest in land provided the parties so intended and that intention was sufficiently evidenced in an agreement. The case-by-case application of Dynex appears to… [Read More…] about Gross Overriding Royalty as Interest in Land – the Clear Language Conundrum Continues

Operators Take Note: Stricter Liability Management Regime is Proposed in British Columbia

Courtesy of Stikeman Elliott. View original article here. A stricter oil and gas liability management regime may soon be in effect in British Columbia. The BC government recently introduced Bill 15 (the “Bill”) in response to the growing number of oil and gas sites in BC with insolvent operators (“Orphan Sites”). The abandonment and restoration… [Read More…] about Operators Take Note: Stricter Liability Management Regime is Proposed in British Columbia

Target 2030 and Beyond: BC Government Unveils Legislation to Update Greenhouse Gas Reduction Targets

Courtesy of McCarthy Tetrault. View original article here. On May 7, 2018, the BC government unveiled Bill 34, the Greenhouse Gas Reduction Targets Amendment Act, 2018, which updates the province’s greenhouse gas (GHG) emissions reduction targets. The bill repeals the Greenhouse Gas Reduction Targets Act (GGRTA), passed by the former Liberal government in 2007, and replaces it with… [Read More…] about Target 2030 and Beyond: BC Government Unveils Legislation to Update Greenhouse Gas Reduction Targets

Carbon and Greenhouse Gas Legislation Across Canada

Courtesy of Osler. View original article here. Canada is establishing a unique, two-tiered approach to climate change regulation. At the federal level, there is a proposed national carbon pricing policy which sets a minimum price on greenhouse gas emissions throughout Canada. This is supplemented by several provincial initiatives, which have established various mechanisms to tax,… [Read More…] about Carbon and Greenhouse Gas Legislation Across Canada

Bill 12: Preserving Canada’s Economic Prosperity Act

Courtesy of Bennett Jones. View original article here. On April 16, 2018, the Government of Alberta introduced Bill 12: Preserving Canada’s Economic Prosperity Act (Bill 12 or the Act). Bill 12 proposes to give the Alberta Minister of Energy (Minister) sweeping powers to control the export of natural gas, crude oil, and refined fuels from… [Read More…] about Bill 12: Preserving Canada’s Economic Prosperity Act