The Alberta government recently announced an updated climate
change strategy in its January 2008 policy document, entitled
"Alberta's 2008 Climate Strategy:
Responsibility/Leadership/Action". The strategy calls
for province-wide emissions reduction targets from current
levels. Alberta is proposing cutting 20 million tonnes of
greenhouse gas emissions by 2010, 50 million tonnes by 2020 and
200 million tonnes by 2050, relative to anticipated economic
growth. The strategy calls for the fostering and leveraging of
carbon capture and storage technology to account for
approximately 70% of the ultimate reductions, with conservation
and efficiency efforts and the adoption of greener practices
accounting for the remainder. Other points of interest in the
strategy include the development of an Energy Efficiency Act,
the development of protocols for facilities that emit over
50,000 tonnes of greenhouse gases to report their emissions,
and the continued development of a carbon offset market in the
Alberta was the first province to take action against GHG
emissions; introducing a legislative regime in the spring of
2007. Under the regime, facilities with yearly GHG emissions
over 100,000 tonnes are obliged to make annual emissions
intensity reductions. The regime provided the foundation for
Canada's first mandatory carbon trading market,
commencing July 1, 2007. The Alberta government is still
developing the rules of this market and hopes to have a system
in place later this spring. In the interim, trading for
compliance is already occurring. An offset system, including
certain approved protocols and a registry, is already up and
running in the Province. Offsets are considered to be a key
compliance option for regulated entities under the Alberta
In addition, CCS is receiving significant attention in
Alberta as in other provinces and at the federal level. A
number of large industrial emitters in Canada perceive
significant opportunities for CCS in Western Canada and,
through an alliance called ICO2N, have expressed a willingness
to invest in CCS and use the Western Canadian Sedimentary
Basin's estimated capacity to store emissions. Given
its potential capacity to generate emissions credits (and its
potential assistance in petroleum recovery), CCS may prove to
be of significant importance in the development of emissions
trading, both in Alberta and federally.
The content of this article is intended to provide a
general guide to the subject matter. Specialist advice should
be sought about your specific circumstances.
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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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