BWray@blg.com
Senior Associate
Benedict S. Wray
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Partner
Laura Levine
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Partner
François Joli-Coeur
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JVellone@blg.com
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Partner
John A.D. Vellone
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Peter A. Bryan
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Kristyn Annis
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Canada’s Artificial Intelligence and Data Act: Impact for businesses
The future of Canadian energy:
A review of 2023's top energy issues and what to expect
in 2024
Read now
Canada’s Artificial Intelligence and Data Act: Impact for businesses
Carbon capture, utilization and storage incentives move forward in Alberta and Canada
Read now
Canada’s clean electricity regulations and oil & gas emissions
Read now
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Energy transition and industry, what now?
Submitting a 10-page report approved by your board or other governing body
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Answering an online questionnaire
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What is required?
Energy transition isn’t a one-size-fits all process and collaboration between industry, businesses and consumers is necessary to meet net-zero targets. While many corporations will have to take a multi-faceted approach and stay nimble to manage changing policies and regulations, the energy transition is also creating many opportunities for diversification to meet new demands.
Crafting climate plans for marine, rail, and aviation sectors
Launching a Green Buildings Strategy
Finalizing an emissions cap
for the oil and gas sector
Proposing to update regulations to cut oil and gas methane emissions by at least 75 per cent by 2030
The Government of Canada is:
Canada’s energy policy is transforming. The time is now to complete your emission reduction plan – a critical task to implement ahead of 2030 reduction targets.
Is your business positioned to stay
ahead of the energy transition?
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MORE FOOD FOR THOUGHT
TALK TO OUR TEAM
MORE FOOD FOR THOUGHT
Energy transition
Clean investment tax credits – Businesses can take advantage of Canada’s green investment tax credits which are calculated as a percentage of the capital cost of specific capital investments to incentivize the adoption of clean and renewable technologies.
Carbon pricing – Governments continue to create financial incentives for corporations to reduce their emissions by capturing the external costs of emissions that the public pays for and encouraging companies to find lower-carbon alternatives.
Electrification and electricity demand – Electrifying your vehicle fleet or sourcing power from clean electricity sources. Organizations and consumers alike can look to prioritize their energy transition through electrification. Power purchase agreements can also help with emission reduction and sourcing electricity from cleaner sources.
Hydrogen investment – More effort is being put into clean hydrogen options. Hydrogen produced with renewable energy or fossil fuels that utilize carbon capture can be optimized to decarbonize many sectors where emissions reduction looks to be challenging. This may include transport, chemicals and other manufacturing industries.
Carbon capture, utilization and storage (CCUS) – Led largely by the oil and gas industry, CCUS is a key component to reaching net-zero goals. The CCUS process captures carbon dioxide emissions and either uses them to make building materials or stores them permanently thousands of feet below the earth surface. Investment, collaboration
and scaling these projects will help move us towards carbon neutrality.
BLG lawyers can help you
navigate your next steps
in the energy transition
to ensure you remain compliant and one step
ahead in this rapidly changing environment.