The future of Canadian energy: A review of 2023's top energy issues and what to expect in 2024
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Submitting a 10-page report approved by your board or other governing body
Answering an online questionnaire
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.
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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Energy transition
Canada’s Artificial Intelligence and Data Act: Impact for businesses
Canada’s Artificial Intelligence and Data Act: Impact for businesses
Carbon capture, utilization and storage incentives move forward in Alberta and Canada
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Canada’s clean electricity regulations and oil & gas emissions
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BWray@blg.com
T 613.787.3570
Senior Associate
Benedict S. Wray
FJolicoeur@blg.com
T 514.954.3144
Partner
François Joli-Coeur
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LLevine@blg.com
T 416.367.6672
Partner
Laura Levine
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Trust reporting requirements and solicitor-client privilege
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.
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JVellone@blg.com T 416.367.6730
Partner
John A.D. Vellone
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PBryan@blg.com
T 403.232.9483
Partner
Peter A. Bryan
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KAnnis@blg.com
T 416.367.6399
Partner
Kristyn Annis
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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.
Energy transition and industry, what now?
Protect your interests. Understand the new trust reporting rules if you:
LLevine@blg.com
T 416.367.6672
Partner
Laura Levine
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The Government of Canada is:
Proposing to update regulations to cut oil and gas methane emissions by at least 75 per cent by 2030
Finalizing an emissions cap for the oil and gas sector
Launching a Green Buildings Strategy
Crafting climate plans for marine, rail, and aviation sectors
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.
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.
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.
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.
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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.
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