Industry Newsfeed

Ready, Set, Go: Alberta’s Renewable Electricity Procurement Begins

Source:
Date:

Courtesy of Borden Ladner Gervais. View original article here. As promised, the Alberta Electric System Operator (AESO) kicked off what it is calling “REP Round 1” by issuing a Request for Expressions of Interest (REOI) for Round 1 of its Renewable Electricity Procurement (REP). The REOI is the first stage of a much anticipated 3… [Read More…] about Ready, Set, Go: Alberta’s Renewable Electricity Procurement Begins

Fairness Opinions – Is There a New Interoil Standard?

Source:
Date:

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

Source:
Date:

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

Source:
Date:

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

The Fair Hydro Plan: “The Times They Are A Changing”…Again

Source:
Date:

Courtesy of Borden Ladner Gervais. View original article here. The Ontario government’s March 2, 2017 announcement of its “Fair Hydro Plan” marks a historic shift in direction in an electricity sector that has witnessed many transformational events over the past 25 years. Historical milestones include: Premier Bob Rae’s appointment of Maurice Strong to restructure the… [Read More…] about The Fair Hydro Plan: “The Times They Are A Changing”…Again

Possible New Clean Fuel Standard in Canada

Source:
Date:

Courtesy of Bennett Jones. View original article here. Environment and Climate Change Canada (ECCC) is considering the development of a new clean fuels regulation under the Canadian Environmental Protection Act, 1999. The purpose of this proposed new regulation is to reduce Canada’s greenhouse gas (GHG) emissions through the adoption of lower carbon fuels and related technologies.… [Read More…] about Possible New Clean Fuel Standard in Canada

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

Source:
Date:

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

Source:
Date:

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

Fairness Opinions After InterOil

Source:
Date:

Courtesy of Osler. View original article here. The Supreme Court of Yukon recently issued its reasons for approving Exxon Mobil’s acquisition of InterOil [PDF], which closed on February 22, 2017.  The original $2.3 billion arrangement was blocked by the Yukon Court of Appeal on the basis that it was not fair and reasonable, in large part due to the… [Read More…] about Fairness Opinions After InterOil

Return to Mineral Exploration – A Legal Perspective

Source:
Date:

Courtesy of Osler. View original article here. The past few years have not been kind to mineral exploration companies. In the face of uncertain commodity prices — and a difficult financing environment that focused on production or development stage assets — exploration budgets were slashed by both major and junior companies alike. But, as 2017… [Read More…] about Return to Mineral Exploration – A Legal Perspective