Industry Newsfeed

Alberta’s “30 by 30” Renewable Energy Target: Will Wind Energy Projects Now Be Permitted on Public Lands?

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Courtesy of Blakes. View original article here. On September 14, 2016, the Alberta government provided an update regarding its Renewable Electricity Program. In particular, the government confirmed a firm target of 30 per cent electricity from renewable sources by 2030 (30 by 30) and announced that it will support the development of 5,000 megawatts (MWs)… [Read More…] about Alberta’s “30 by 30” Renewable Energy Target: Will Wind Energy Projects Now Be Permitted on Public Lands?

New Opportunities for Ontario Businesses to Benefit from Electricity Rate Relief Program

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Courtesy of Blakes. View original article here. During its throne speech on September 15, 2016, the Ontario government announced the expansion of its Industrial Conservation Initiative (ICI), thus giving more businesses access to a program that allows customers to significantly lower their year-round electricity costs by reducing consumption from the provincial grid during times of… [Read More…] about New Opportunities for Ontario Businesses to Benefit from Electricity Rate Relief Program

Three New Oil sands Developments Receive Initial Approval Following Regulator Review

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Courtesy of Alberta Energy. View original article here. Three new proposed oil sands developments have cleared an important early step in the regulatory process. Government has approved the proposals for: The Blackpearl Resources Inc. Blackrod oil sands steam-assisted gravity drainage (SAGD) development The Surmont Energy Ltd. Wildwood oil sands SAGD development The Husky Saleski oil… [Read More…] about Three New Oil sands Developments Receive Initial Approval Following Regulator Review

New U.S. Transparency Reporting Requirements for Extractive Sector

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Courtesy of Bennett Jones. View original article here. On July 27, 2016, the U.S. Securities and Exchange Commission (SEC) adopted revised rules requiring resource extraction issuers to disclose payments made to governments for the commercial development of oil, natural gas, or minerals (the U.S. Rules). Disclosure is required for payments to any foreign government and payments to… [Read More…] about New U.S. Transparency Reporting Requirements for Extractive Sector

Green Shoots – Release of the Government of Alberta’s Renewable Electricity Program

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Courtesy of BD&P. View original article here. After much speculation and waiting, on November 3, 2016 the Government of Alberta (GoA) released plans on how it intends to achieve key aspects of its ambitious Climate Leadership Plan (CLP), including endorsing the recommendations put forward by1the Alberta Electric System Operator (AESO) for a provincial Renewable Electricity… [Read More…] about Green Shoots – Release of the Government of Alberta’s Renewable Electricity Program

New Drilling and Jobs Under Modernized Royalty Framework

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Courtesy of Alberta Energy. View original article here. Drilling investment and jobs will increase in Alberta through the rest of 2016 now that drilling has started on the first wells under the Modernized Royalty Framework. Government has received dozens of drilling applications since companies were allowed to apply for early access to the new framework.… [Read More…] about New Drilling and Jobs Under Modernized Royalty Framework

U.S. Final Rules Requiring Disclosure of Payments by Resource Extraction Issuers

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Courtesy of Osler. View original article here. Background The U.S. Securities and Exchange Commission (SEC) has adopted a final rule that requires SEC-reporting resource extraction issuers to disclose payments to the U.S. federal government and foreign governments relating to the commercial development of oil, natural gas or minerals. These annual disclosure requirements are substantially similar to… [Read More…] about U.S. Final Rules Requiring Disclosure of Payments by Resource Extraction Issuers

Court Action Launched to Protect Power Consumers from Paying Costs of Unlawful “Enron Clause”

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Courtesy of Alberta Energy. View original article here. The Government of Alberta took legal action today to protect Albertans from an attempt to offload business losses in the electricity market onto the public. Alberta contends that this attempted offload is being implemented through a regulatory clause that was unlawfully enacted when the province’s electricity system was… [Read More…] about Court Action Launched to Protect Power Consumers from Paying Costs of Unlawful “Enron Clause”

Transfer of Operatorship of Oil and Gas Assets Upon Insolvency

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Courtesy of Bennett Jones. View original article here. Operating agreements for oil and gas assets typically contemplate the immediate replacement of the operator by another working interest owner in the event of the operator’s insolvency. However, these provisions often become practically unenforceable because, once proceedings are commenced under either the Companies Creditors’ Arrangement Act, RSC 1970,… [Read More…] about Transfer of Operatorship of Oil and Gas Assets Upon Insolvency

OEB Staff Confirm That Electric Vehicle Charging Stations Can Be Owned and Operated by LDCs

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Courtesy of Borden Ladner Gervais. View original article here. On July 13, 2016, the Ontario government announced that it would build 500 electric vehicle charging stations at 250 locations across the province. This comes shortly after a related announcement on July 7, 2016. On that day, the Ontario Energy Board (“OEB”) staff (“Staff”) published a bulletin (the… [Read More…] about OEB Staff Confirm That Electric Vehicle Charging Stations Can Be Owned and Operated by LDCs