The Liberal government tabled its first budget on March 22, 2016.
While primarily focused on strengthening the middle class, the
Budget contains a number of initiatives directed at the energy
Investing in Clean Technology
The Budget includes an investment of $1 billion over four years
to support clean technology, including in the forestry, fisheries,
mining, energy and agricultural sectors. The Budget does not
contain specifics as to how that investment will be allocated. That
will be revealed in the coming months as part of the implementation
of an Innovation Agenda.
The Budget sets out investments in clean technology R&D
$50 million over four years to Sustainable Development
Technology Canada for projects that address climate change, air
quality, clean water and clean soil.
$82.5 million over two years to Natural Resources Canada to
bring clean energy technologies closer to commercialization.
Natural Resources Canada will also receive $62.5 million over
two years to support the deployment of infrastructure for
alternative transportation fuels, including charging infrastructure
for electric vehicles and natural gas and hydrogen refueling
To encourage businesses to invest in clean energy generation and
energy efficient equipment, accelerated capital cost allowance
rates will be implemented in two emerging areas: electric vehicle
charging and electrical energy storage. The deferral of tax
associated with these measures is expected to cost the federal
government $19 million over a five-year period.
The Budget provides funding for the study of electricity
infrastructure: $2.5 million will be made available over two years
to facilitate regional dialogues and studies to identify the most
promising electricity infrastructure projects with the potential to
achieve significant GHG reductions. This is necessary, according to
the government, given the significant investment in Canada's
electricity sector needed over the next 20 years to replace aging
infrastructure and meet a growing demand for electricity.
Addressing Climate Change and Air Pollution
The Budget contains spending of $2.9 billion over five years to
address climate change and air pollution issues, including:
$2 billion over two years to establish the Low Carbon Economy
fund, which will be used to support provincial and territorial
actions that reduce GHG within the period of Canada's
$109.1 million over five years to Environment and Climate
Change Canada to undertake actions in the areas of science, data
reporting, policy and regulations to support climate change
$56.9 million over two years to support the transition to a
cleaner transportation sector, including Canada's continued
participation in the development of international emissions
standards from the aviation, marine and rail sectors.
$128.8 million over five years to support improved energy
efficiency standards and codes for products, buildings, industry
and vehicles and to further the development of a legislative
framework for offshore renewable energy projects.
$10.7 million over two years to implement renewable energy
projects in off-grid Indigenous and northern communities that rely
on diesel and other fossil fuels for heat and power.
$61.3 million over five years to support international
engagement by Environment and Climate Change Canada, Natural
Resources Canada and Global Affairs Canada to advance Canada's
climate change and air pollution objectives, including in a North
American clean energy and environmental agreement with the United
States and Mexico.
Additionally, the Budget proposes a number of income tax rules
to clarify the income tax treatment of emission allowances and
ensure the appropriate tax treatment of transactions under
provincial emission trading regimes.
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Canada is a constitutional monarchy, a parliamentary democracy and a federation comprised of ten provinces and three territories. Canada's judiciary is independent of the legislative and executive branches of Government.
In Bank of Montreal v Bumper Development Corporation Ltd, 2016 ABQB 363, the Alberta Court of Queen's Bench enforced the "immediate replacement" provision in the Canadian Association of Petroleum Landmen 2007 Operating Procedure...
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