Nov. 23, 2020 - While Canada, along with the rest of the world, continues its efforts to address the COVID-19 pandemic, several recent federal and provincial announcements have confirmed that government has not lost sight of the threat posed by global climate change. Federal Target Net-Zero by 2050 On...
Green Energy Act Repealed and Municipal Powers to Oppose Renewable Energy Reinstated
The Ontario government has introduced Bill 34, which would repeal the Green Energy Act, 2009.
The new legislation, introduced on September 20, 2018, maintains the right of the government to enact regulations to promote renewable energy in the future. However, the current intention to restrict renewable energy development in the province is evident in the following:
- the right to enact regulations under the Environmental Protection Act to prohibit the issuance or renewal of renewable energy approvals (such as where the demand for electricity has not been demonstrated)
- the revocation of restrictions under the Planning Act, which had prevented municipalities from implementing official plans, zoning bylaws and other planning tools to prohibit renewable energy
- the prohibition of any appeal of a municipality’s refusal or failure to approve zoning bylaws or official plan amendments to allow renewable energy undertakings (except by the Minister of Municipal Affairs and Housing)
- allowing regulations under the Planning Act to be applied retroactively and barring any cause of action to challenge or seek damages with respect to changes under the Planning Act and related regulations
Although the full effect of the legislation will be evident only when regulations become available, Bill 34 is another initiative in the government’s campaign to restrict further renewable energy development in Ontario.
Oct. 01, 2020 - The fourth version of the Equator Principles (EP4), a financial industry benchmark used by Equator Principle Financial Institutions (EPFIs) to assess and manage environmental and social risk in international project finance, takes effect on October 1, 2020. EPFIs commit that they will not...