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Environmental Issues

Target 2030 and beyond: BC government unveils legislation to update greenhouse gas reduction targets

The British Columbia government has emphasized its intention to “remove barriers, and make it attractive and affordable for people, communities and industry to move to lower-carbon alternatives” while at the same time “grow[ing] an economy that’s stronger, cleaner, more diverse and more resilient.”

 

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B.C. considers benefit corporations

British Columbia may become the first province in Canada to pass legislation that provides for the creation of “benefit corporations.” Benefit corporations are different from the typical for-profit business corporation in that they must be mandated to conduct business for the purpose of creating a general public benefit. It will be interesting to see where the benefit company model will go in B.C. The benefit company is somewhat similar to the existing B.C. C3, which is a hybrid corporate structure featuring both for-profit and a non-profit components.

 

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Bill-68: Significant Amendments to the Fisheries Act

The proposed amendments to the Fisheries Act and other Acts in consequence would provide enhanced enforcement powers under the Fisheries Act, and proposes an alternative to traditional prosecutions in the event of non-compliance. The federal government may offer some persons charged with offences under the Fisheries Act to enter into “Alternative Measures Agreements” in lieu of prosecution.

 

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Bill C-69 represents an overhaul of the Federal environmental assessment process

Bill C-69 and the expanded scope of federal review represents a significant change to the federal environmental process in Canada, both in terms of procedural matters and in terms of the substance of the assessments.

 

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Charities can now help businesses in the aftermath of disasters

aftermath of disasters

In August 2017, the Canada Revenue Agency (“CRA”) updated its Guidance CG-014 on community economic development (“CED”) activities and charitable registration. There were a number of updates to the Guidance, but the most significant was the inclusion of the statement that charities are now able to support, on a more long-term basis, the efforts of businesses that are helping to rebuild communities affected by disaster.

 

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Review of the environmental assessment processes

The Canadian Minister of the Environment and Climate Change was tasked with reviewing the environmental assessment processes set out in the Canadian Environmental Assessment Act, 2012. To this end, an expert panel was set up to conduct consultations that led to a report setting out the Panel’s recommendations being submitted to the Minister. The report, entitled Building Common Ground: A New Vision for Impact Assessment in Canada, was published on April 5, 2017. Comments may be submitted on the report until May 5, 2017. Legislative and regulatory amendments could then be tabled in late 2017 or early 2018.

 

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Ontario’s first Cap and Trade Auction results

cap trade auction

Ontario held its first Cap and Trade Program Auction of Greenhouse Gas Allowances on March 22, 2017. The auction drew 47 qualified bidders. Of the total number, approximately half are members of the energy industry.

 

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Section 99 of the Environmental Protection Act: Ontario Courts continue to clarify its scope and power

In Huang v Fraser Hillary’s Limited, the Ontario Superior Court of Justice confirmed that plaintiffs can rely on section 99 of the Environmental Protection Act—a section enacted in 1985—to claim damages for spills which occurred before section 99 was enacted. The Court’s discussion in this case provides helpful guidance on the possible reach and limitations of the so-called “spill action” legislation.

 

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Whistleblowers: The AMF will not offer any reward

On February 18, 2016, after a thorough and rigorous analysis which included closely monitoring the rewards-based whistleblower programs offered by the U.S. and Ontario, the Autorité des marchés financiers (the AMF) announced that it does not intend to offer financial rewards to whistleblowers. Instead, the AMF wishes to promote a whistleblower program that builds on existing measures.

 

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How to get Alberta, Canada’s green-energy pioneer, back in the saddle – The Globe and Mail

The farms and ranches in southern Alberta may not seem like fertile ground for the early adoption of new energy technology. However, southern Alberta is where Canada’s commercial wind energy industry got its start. Recently, other provinces have offered lucrative long-term contracts to attract renewable energy. Although Alberta has great wind and solar resources, a combination of low power prices and lack of such incentives has made it difficult to develop renewable-energy projects in the province. With new policies, can Alberta, Canada’s renewable energy pioneer, get back in the saddle?

 

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Internal audit: Essential to minimizing risk

Managing risk in today’s business environment has become a far more complex process than it ever has been. This can be attributed to a number of factors, such as increased government regulation and cyber-based issues. Other factors include uncertain political and economic situations that can arise, sustainable development and environmental concerns. These issues can have a substantial impact on small, medium and large organizations.

 

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Managing risk means opening your eyes every day

On the surface, it is good news that the majority of Canadian CFOs are confident in their management of risk and believe that employees understand the risks to the organization. 72% feel that their strategy is aligned with their risk appetite. But, do the authors of the study understand what effective risk management entails?

 

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Supreme Court of Canada issues landmark merger and efficiencies decision

The Supreme Court of Canada released its long awaited decision in Tervita Corporation et al v. Commissioner of Competition. In a 6-1 decision, the SCC allowed Tervita’s appeal and set aside the divestiture order made by the Competition Tribunal and upheld by the Federal Court of Appeal (FCA). The SCC agreed with the FCA’s conclusion that the merger would likely result in a substantial prevention of competition, but overruled the conclusions of the Tribunal and the FCA that the merger was not saved by the efficiencies defence.

 

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Top 10 most read Inside Internal Controls posts published in 2014 and Season’s Greetings

The holidays are upon us and it is time to take a well deserved break. We are signing off for 2014 with a list of the top 10 most read posts published in 2014. Although Canada’s anti-spam legislation dominated the list, accessibility, internal controls and charities were also very topical.

 

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