Industry Newsfeed

Total Energy Services Commences an Offer to Purchase Savanna Energy Services Corp

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Courtesy of Bennett Jones. View original article here. Date Announced: December 09, 2016 Date Closed: TBD Deal Value: Approximately $400 million (including indebtedness) Client Name: Total Energy Services Inc. On December 9, 2016, Total Energy Services Inc. commenced an offer to purchase all of the outstanding common shares of Savanna Energy Services Corp., by way of unsolicited takeover bid.… [Read More…] about Total Energy Services Commences an Offer to Purchase Savanna Energy Services Corp

Federal Government Announces Pan-Canadian Framework on Clean Growth and Climate Change

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Courtesy of Bennett Jones. View original article here. The federal government, along with most of the premiers, signed a new pan-Canadian framework (the “Federal GHG Framework”) on Friday, December 9, 2016.  The Federal GHG Framework is intended to address climate change on a national platform.  The federal government’s approach to meeting its 2030 target of… [Read More…] about Federal Government Announces Pan-Canadian Framework on Clean Growth and Climate Change

Ontario Introduces New Record-Keeping Requirements for Corporate Landowners

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Courtesy of Osler. View original article here. On December 10, 2016, amendments to the Ontario Business Corporations Act (the OBCA) will come into effect that will require all corporations incorporated under the OBCA to comply with new onerous record-keeping requirements with respect to interests in land in Ontario. The Forfeited Corporate Property Act, 2015 (the FCPA) comes into force on… [Read More…] about Ontario Introduces New Record-Keeping Requirements for Corporate Landowners

Petrochemical Plants Will Diversify Economy, Create Jobs

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Courtesy of Alberta Energy. View original article here. Two new petrochemical projects approved by the provincial government will add jobs, diversify the energy industry and create lasting benefits for Alberta’s economy. The economy will get a substantial boost from two projects that would, for the first time in Alberta, process propane extracted from natural gas… [Read More…] about Petrochemical Plants Will Diversify Economy, Create Jobs

Update on Electricity Rate Relief Program for Ontario Businesses

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Courtesy of Blakes. View original article here. The expansion of Ontario’s Industrial Conservation Initiative (ICI) to provide electricity rate relief to more businesses comes into effect on January 1, 2017. Businesses who want to participate in the expanded ICI program must provide written notice to their electricity provider in order to qualify. In our September… [Read More…] about Update on Electricity Rate Relief Program for Ontario Businesses

The Future of the Oil Sands: Reports of its Demise are Premature

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Courtesy of Stikeman Elliott and Canadian Energy Law. View original article here.  The oil sands have played a vital role in the Canadian economy for the past twenty-five years. Recent geo-political developments both at home and abroad, however, have led many to speculate whether Canada’s oil sands will continue to be viable. Some have even… [Read More…] about The Future of the Oil Sands: Reports of its Demise are Premature

Getting the Deal Through: Electricity Regulation

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Courtesy of Osler. View original article here.  The electricity markets in Canada, unlike most other states, are regulated primarily at the provincial level and not at the federal level. In this article, which originally appeared in Getting the Deal Through, Richard King, a partner in Osler’s Regulatory, Environmental, Aboriginal and Land Practice Group, outlines the regulation and business… [Read More…] about Getting the Deal Through: Electricity Regulation

Alberta to Cap Electricity Rates and Bring in a Capacity Market

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Courtesy of Borden, Ladner and Gervais. View original article here. Alberta continued to rapidly overhaul its electricity market policies with the announcement yesterday that it would cap power rates and introduce a new capacity market in Alberta. Cap on Power Rates The Province announced that by June 2017, it will put in place a cap… [Read More…] about Alberta to Cap Electricity Rates and Bring in a Capacity Market

Alberta Announces Coal Transition Action

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Courtesy of Alberta Energy. View original article here. In support of its made-in-Alberta transition to a stable, reliable and cleaner electricity system, the Government of Alberta has announced agreements with TransAlta, Capital Power and ATCO to end coal-fired emissions on or before Dec. 31, 2030. The agreements will see the companies, which own six coal-fired… [Read More…] about Alberta Announces Coal Transition Action

Ontario Announces Proposal for Cap-and-Trade Offset Credits Protocols

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Courtesy of Blakes. View original article here. On November 15, 2016, Ontario’s Ministry of Environment and Climate Change (MOECC) posted its Offset Credit Regulatory Proposal on the Environmental Registry, where it will be available for comment until December 30, 2016. Offset Credits will increase the compliance options for facilities covered by the cap-and-trade program and they will… [Read More…] about Ontario Announces Proposal for Cap-and-Trade Offset Credits Protocols