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December 2021

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Prime Minister Trudeau yesterday released new mandate letters to cabinet ministers including the Ministers of Environment and Climate Change and Natural Resources, and the Deputy Prime Minister and Minister of Finance. Every minister has been directed to implement the United Nations Declaration on the Rights of Indigenous Peoples (read our earlier bulletin here).   This bulletin summarizes key climate, energy, and Indigenous objectives highlighted in the ministers’ new mandates:   Environment and Climate Change Minister Guilbeault’s mandate letter situates the minister as the key driver of the federal government’s Climate Plan, delivering on policy and fiscal measures provided in the Strengthened Climate Plan and adopting measures to achieve net-zero emissions by 2050.    Key objectives include: Implement the Canadian Net-Zero Emissions Accountability Act, and bring forward an updated Emissions Reduction Plan to achieve a 40 to 45 per cent reduction in emissions by 2030 from 2005 levels. Cap oil and gas sector emissions at current levels and ensure that the sector makes an ambitious and achievable contribution to meeting the 2030 climate goals. Develop a plan to reduce economy-wide methane emissions consistent with the Global Methane Pledge and require through regulations the reduction of oil and gas methane emissions in Canada by at least 75 per cent below 2012 levels by 2030. Support the global effort to phase out coal-powered electricity and the mining of thermal coal, and ban thermal coal exports from and through Canada no later than 2030. Work with industry, labour, and other stakeholders to develop a regulated sales mandate that at least 50 per cent of all new light-duty vehicle sales be zero emissions vehicles in 2030, toward achieving Canada’s mandatory target of 100 per cent by 2035. Introduce a Clean Electricity Standard to achieve a net-zero clean electricity grid by 2035. Finalize Canada’s first National Adaptation Strategy in 2022. Work with relevant ministries,…

Resilient LLP is pleased to announce that it has been recognized as an industry leader in global carbon markets by Environmental Finance magazine. Resilient was named the “Best Law Firm” overall in the North American category for GHG Markets in Environmental Finance’s 22nd Annual Market Rankings.   The Annual Market Rankings invite leading brokers, financiers, dealers, and service providers to nominate and vote on leaders in each category based on efficiency and speed of transactions, reliability, innovation, quality of information and services provided, and influence on the market. “We are very pleased that our clients and partners have recognized our services at a time when national and corporate net-zero plans are enhancing environmental integrity and ambition,” said Lisa DeMarco, Senior Partner and CEO of Resilient. “We are grateful for our loyal clients and the market-leading work and innovative transactions that they are doing. This is a critically important time for global carbon markets, which will need to scale by more than 15-fold by 2030 in order to effectively address the challenges of climate change.” A related Environmental Finance article covers key 2021 carbon markets highlights. Resilient LLP is Canada’s only climate and clean energy boutique law firm and provides leading multi-jurisdictional legal advice on all aspects of complex carbon markets, emissions trading, and Indigenous matters. For further information, please contact Lisa DeMarco at lisa@resilientllp.com.