On June 8, 2022, the Canadian Government enacted the Canadian Greenhouse Gas Offset Credit System Regulations which enables certain federal projects to generate and sell carbon credits. The goal of the program is to incentivize reduction in greenhouse gas emissions. Once a project is eligible to participate in the program, credits are generated when the ...
The focus on climate-related issues in Canada and internationally has grown rapidly in recent years with climate-related risks having become a mainstream business issue. In the fall of 2021, the Canadian Securities Administrators (the “CSA”) issued a request for comments on the proposed National Instrument 51-107: Disclosure of Climate-related Matters (NI 51-107). NI 51-107 expands ...
We recently posted about Bill C-12, the Canadian Net-Zero Emissions Accountability Act. On December 11, 2020, the federal government announced a plan that help build a foundation to achieving this goal. The $15-billion plan entitled “A Healthy Environment and a Healthy Economy” aims to meet Canada’s climate change commitments and includes consistent increases to its ...
Joining hundreds of countries around the world, Canada has declared its intention to achieve net-zero emissions by 2050. In an effort to make this a reality, Bill C-12, the Canadian Net-Zero Emissions Accountability Act, was recently introduced into Parliament by Canada’s Environment and Climate Change Minister. Before we dive into the new law, let’s start ...
The Department of National Defence was recently fined $175,000 under the federal Canadian Environmental Protection Act, 1999 for failing to comply with the Storage Tank Systems for Petroleum Products and Allied Petroleum Products Regulations. This regulation came into force in 2008 to help reduce the risk of soil and groundwater contamination due to spills and ...
