British Columbia & Saskatchewan Release 2024-25 Budgets
Both the Governments of British Columbia and Saskatchewan unveiled their respective 2024-25 Budgets. British Columbia’s funding is directed towards transitioning to a low-carbon economy, while Saskatchewan’s focuses on achieving a net-zero emissions electricity grid by 2050, supporting cleantech startups, and bolstering the energy and mining sectors.
Furthermore, the Government of Alberta announced regulatory changes to the rules around economic withholding, affecting natural gas-generating facilities across the province. It also announced the Electricity Statutes (Modernizing Alberta’s Electricity Grid) Amendment Act, which will allow Alberta businesses to build more on-site power generation and energy storage with the option to sell excess power to the grid.
In addition to these developments, the Governments of Canada and Germany signed a Memorandum of Understanding for commercial hydrogen trade, securing access for Canadian hydrogen producers in the German market.
Download the full document for further information on climate action initiatives and policy updates across Canada.
About: This bulletin highlights the regulatory changes and updates within the energy and natural resource sectors in North America that the Integrated Sustainability team has been tracking through March 2024.
Federal
- CER Approved First Compressed Natural Gas Facility in NWT
- Trans Mountain Expansion Project Leave to Open Applications & Order Issued to Stop Reclamation Near a Red-Tailed Hawk Nesting Site
- Federal Funding for Climate Action Under the Indigenous Leadership Fund
- Canadian and Alberta Governments Designate North Saskatchewan River as a Canadian Heritage River
- Governments of Canada & Germany Sign MOU for Commercial Hydrogen Trade
Alberta
- ACO Quarterly Newsletter Released
- AER Full Mineral Resource Oversight & Reclamation Certificates Updated to Include Geothermal & Brine-Hosted Minerals
- Budget 2024 Drought & Water Security Funding
- Regulatory Changes to Electricity Market Rules
- Liability Management on Indigenous Land
- Seismic Event Near Fox Creek
- OneStop Accepting Applications for Reclamation Pilots
British Columbia
- BC Budget 2024
- Restrictions on Mineral Claims in First Nation Territories, While the Mineral Tenure Act to Undergo Modernization
- Permittee Capability Assessment to Include Dormant Facilities & Pipelines
- Updates to the Fee, Levy & Security Regulation
- BCER Posted FAQ’s for New Planning & Mitigation Measures in Treaty 8 Territory
Saskatchewan
- 2024 -25 Budget to Enhance Environmental Resilience & Support for Cleantech and Agtech
Feature Report
- Geoscience BC Releases Report on Lithium Potential in NEBC
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The Regulatory Bulletin is sent at 12:30 PM, the first Thursday after month-end. This gives us a few days to assess all the regulatory updates from the previous month and highlight those with the largest impact – be that environmental, social, or economic.
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