Regulatory

AESO Kicks Off Renewable Electricity Program

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Courtesy of Osler. View original article here. On March 31, 2017, the Alberta Electric System Operator (AESO) kicked off the Request for Expressions of Interest (REOI) phase of the Renewable Electricity Program (REP) (described below). Proponents interested in participating in the first round of the REP must submit their completed Expression of Interest form (EOI Form) by… [Read More…] about AESO Kicks Off Renewable Electricity Program

Fairness Opinions – Is There a New Interoil Standard?

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Courtesy of Borden Ladner Gervais. View original article here. The Supreme Court of Yukon recently issued a final order approving the plan of arrangement whereby ExxonMobil Corporation would acquire all of the outstanding shares of InterOil Corporation. This was the second attempt by InterOil to obtain court approval in connection with the arrangement with ExxonMobil, its… [Read More…] about Fairness Opinions – Is There a New Interoil Standard?

Budget 2017: Changes to Canadian Exploration Expense and Flow-Through Shares

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Courtesy of Bennett Jones. View original article here. All references are to the Income Tax Act (Canada) (Act), unless otherwise noted. Background Canadian exploration expenses (CEE) are certain types of expenses incurred by oil and gas, mining and renewable energy corporations. CEE is 100 percent deductible in the year the expense is incurred. Certain types of CEE… [Read More…] about Budget 2017: Changes to Canadian Exploration Expense and Flow-Through Shares

Ending the Cycle of Electricity Price Interventions in Ontario

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Courtesy of McCarthy Tetrault. View original article here. Every decade the government of Ontario freezes or cuts electricity prices because the costs of an ambitious energy policy prove to be politically unacceptable. This leaves future electricity customers paying for the cost of a failed experiment from a previous generation. We should learn from this experience… [Read More…] about Ending the Cycle of Electricity Price Interventions in Ontario

Ontario’s “Fair Hydro Plan” changes provincial electricity pricing and expands opportunities for behind-the-fence generation

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Courtesy of Osler. View original article here. On March 2, 2017, the Government of Ontario released highlights of its “Fair Hydro Plan” (the Plan), significantly reducing the price of electricity for many groups in Ontario and expanding opportunities for the development of behind-the-fence generation. The most significant element of the Plan is a 25% reduction… [Read More…] about Ontario’s “Fair Hydro Plan” changes provincial electricity pricing and expands opportunities for behind-the-fence generation

Fifteen Key Legal Developments for Oil & Gas Companies

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Courtesy of Stikeman Elliott. View original article here. Following are key developments in Canadian law from the fourth quarter of 2016, relevant to the oil and gas industry. The fourth quarter brought a number of developments in the legal landscape, particularly in the regulation of public M&A, the approval of two key pipelines, and the emergence… [Read More…] about Fifteen Key Legal Developments for Oil & Gas Companies

New Alberta Wind Energy Guidelines Include Prescriptive Environmental Requirements

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Courtesy of Osler. View original article here. On January 27, 2017, Alberta Environment and Parks (AEP) released its long-anticipated Wildlife Directive for Alberta Wind Energy Projects (Directive), effective that day. The Directive updates the 2011 Wildlife Guideline for Alberta Wind Energy Projects (2011 Guidelines) and includes a summary of potential wildlife issues associated with wind energy developments in Alberta.… [Read More…] about New Alberta Wind Energy Guidelines Include Prescriptive Environmental Requirements

Optimism, More Activity Mark Royalty Review Anniversary

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Courtesy of Alberta Energy. View original article here. Rig counts across Alberta have risen substantially compared with this time last year as economic activity and jobs return in the energy sector. The increased activity is taking place one year after the Alberta government announced its modernized royalty framework, which encourages industry to innovate and reduce… [Read More…] about Optimism, More Activity Mark Royalty Review Anniversary

Alberta Sets Out Energy Efficiency Vision

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Courtesy of Alberta Energy. View original article here. A new energy efficiency report gives the province a road map for creating jobs, diversifying the economy and saving Albertans money. The new report points to programs like small-scale solar and greater use of energy-saving appliances as ways to improve the lives of Albertans. Alberta now has a… [Read More…] about Alberta Sets Out Energy Efficiency Vision

The Relevance (and Likelihood) of Action on Carbon in a Post-Trump World

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Courtesy of Stikeman Elliott. View original article here. The election of Donald Trump and his recent cabinet nominations of individuals who have been described in the mainstream U.S media climate skeptics, including Scott Pruitt (Environmental Protection Agency), Rick Perry (Department of Energy) and Rex Tillerson, the former CEO of ExxonMobil (Department of State), has many… [Read More…] about The Relevance (and Likelihood) of Action on Carbon in a Post-Trump World