Industry Newsfeed

ASC Clarifies Expectations Relating to Production Disclosure by Oil and Gas Issuers

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Courtesy of Osler. View original article here. In its annual Oil and Gas Review [PDF] published on December 23, 2019, the Alberta Securities Commission (ASC) highlighted concerns related to production disclosure by reporting issuers engaged in oil and gas activities. As our clients head into annual disclosure season, we have summarized certain key guidance points relevant to… [Read More…] about ASC Clarifies Expectations Relating to Production Disclosure by Oil and Gas Issuers

2019 Oil and Gas Review

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Courtesy of Stikeman Elliott. View original article here. ASC Acknowledges “Unprecedented Circumstances Continuing in Alberta’s Capital Markets” In this year’s Oil and Gas Review, the Alberta Securities Commission highlights the continuing constraints facing reporting issuers and ongoing reporting concerns – the lack of public financing and its impact on reserve estimations taking centre stage. The Alberta Securities… [Read More…] about 2019 Oil and Gas Review

New York Attorney General Climate Change Fraud Case against Exxon Mobil Dismissed

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Courtesy of Stikeman Elliott. View original article here. In a December 2019 ruling, the New York Supreme Court dismissed an important action by the state’s Attorney General alleging that, between 2013 and 2016, Exxon Mobil Corporation had made material misrepresentations to the effect that it had fully considered the risks of climate change regulation. This… [Read More…] about New York Attorney General Climate Change Fraud Case against Exxon Mobil Dismissed

Carbon Policy and Emissions Targets

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Courtesy of Stikeman Elliott. View original article here. As we review the current status of Canadian carbon policy in the wake of the 2019 Election, it is clear that the concentration and focus of the federal government on carbon policy during its first term was significant, at least compared to any other area of policy.… [Read More…] about Carbon Policy and Emissions Targets

Oil and Gas in Canada: A Comprehensive Review of the Current State of the Sector

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Courtesy of Stikeman Elliott. View original article here. Oil and Gas Activity in Canada, Stikeman Elliott’s comprehensive guide to the oil and gas industry in Canada, is now available. Investors and others who are interested in the Canadian energy market will want to obtain a copy of this publication, which has been fully updated by our… [Read More…] about Oil and Gas in Canada: A Comprehensive Review of the Current State of the Sector

Alberta Revamps Carbon Pricing Regime for Large Emitters

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Courtesy of Osler. View original article here. In this Update On October 29, 2019, the Alberta government proposed new legislation for a revamped Alberta carbon pricing scheme, called the Technology Innovation and Emissions Reduction (TIER) system. Once passed, the new legislation is slated to come into force on January 1, 2020. The TIER system will… [Read More…] about Alberta Revamps Carbon Pricing Regime for Large Emitters

Completion Risk, Legal Uncertainty and Federal Energy Projects

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Courtesy of Stikeman Elliott. View original article here. Recent studies have shown a high level of completion risk for energy projects subject to federal jurisdiction. By some measures, up to 40% of all projects seeking federal approvals are withdrawn or terminated by sponsors or rejected by regulators. For the largest and most controversial energy projects,… [Read More…] about Completion Risk, Legal Uncertainty and Federal Energy Projects

Electric Energy in Canada: Legal and Regulatory Dynamics of the Power Industry

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Courtesy of Stikeman Elliott. View original article here. Four partners from our national Energy Group recently co-authored the Canadian chapter in the second edition of Alternative Energy & Power, a publication of Chambers and Partners. The chapter surveys key topics, including: Structure and ownership of the power industry Market structure, supply and pricing Climate change laws and alternative energy… [Read More…] about Electric Energy in Canada: Legal and Regulatory Dynamics of the Power Industry

Indigenous Implications of Bills C-69 and C-68 – Worth a Second Look

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Courtesy of McCarthy Tetrault. View original article here. On August 28, 2019, Canada’s new federal environmental legislation under Bill C-69 (including the Impact Assessment Act (IAA), Canadian Energy Regulator Act (CERA), and Canadian Navigable Waters Act (CNWA)) and Bill C-68 (amendments to the Fisheries Act and other Acts in consequence) came into force.  These new statutes and legislative amendments introduce… [Read More…] about Indigenous Implications of Bills C-69 and C-68 – Worth a Second Look

Environmental Litigation on the Rise in Corporate Canada and Around the World

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Courtesy of Blakes. View original article here. Climate change litigation continues to evolve in many jurisdictions and Canada has seen its fair share of proceedings seeking to hold governments and the oil and gas, energy and power industries responsible for carbon dioxide emissions. CLIMATE CHANGE LITIGATION AT HOME AND ABROAD Europe The genesis of much… [Read More…] about Environmental Litigation on the Rise in Corporate Canada and Around the World