Below we look at some recent updates that may be important for the regulated community, both short- and long-term. We also provide an update on a program that affects the citizens of Canada. Resource Productivity and Recovery Authority (RPRA) A November 15, 2022, news release from RPRA announced that generators, carriers, and receivers of hazardous and liquid industrial waste can now set up their registry accounts so they are ready to meet their reporting requirements...
Read MoreMandatory Climate-Related Disclosures for Canadian Banks and Insurance
Canada introduced mandatory climate-related risk disclosures for federally-regulated banks and insurance companies beginning in 2024. This follows similar actions by the Security and Exchange Commission (SEC) in the United States as well as other countries in Europe. Banks and Insurance Companies Required to Report According to an article earlier this year in ESG Today, “Canada will require banks and insurance companies to provide disclosures on their climate-related...
Read MoreDraft Guidance for Reducing GHGs from Oil and Gas Sector
On October 4, 2022, The Canadian Government released their Draft Guidance for best-in-class GHG emissions performance by oil and gas projects. This has been anticipated since it was announced in April 2022. This announcement comes at a time of the confluence of several issues around traditional energy including the Government’s commitment to reduce anthropogenic greenhouse gases 40-45% below 2005 levels by 2030 and Net Zero by 2050; an increased demand for reliable...
Read MoreRecent Spills in Ontario
Below we look at three different spills that occurred over the summer of 2022 in Ontario. As we discuss, any and all environmental incidents such as spills can create strains for the local citizens and ecosystem. That said, there have been tremendous improvements in environmental management that have resulted in a decrease in the number of spills and quantity of spills. Saint Marys River In June, there was a spill of lubricant oil reported from Algoma Steel in Sault...
Read MoreOntario’s Emission Performance Standards for Greenhouse Gases
The Ministry of Environment, Conservation, and Parks (MECP) announced on August 26, 2022, proposed amendments to Ontario’s Emissions Performance Standards (EPS) to regulate greenhouse gas. See Environmental Registry of Ontario Number 019-5769. Also, see “Proposed Regulatory Amendments for Emissions Performance Standards Program 2023-2030 Summer 2022.” These changes are necessary to comply with the federal Output-Based Pricing System. The official proposal summary states,...
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