Re: CAPP Response to the Federal Government s Consultation Paper Titled Establishing Mandatory Reporting Standards for the Extractive Sector

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Re: CAPP Response to the Federal Government s Consultation Paper Titled Establishing Mandatory Reporting Standards for the Extractive Sector"

Transcription

1 May 12, 2014 Mr. Serge Dupont Deputy Minister Natural Resources Canada 580 Booth Street, 21 st Floor, Room B5-1 Ottawa, Ontario K1A 0E4 Dear Mr. Dupont: Re: CAPP Response to the Federal Government s Consultation Paper Titled Establishing Mandatory Reporting Standards CAPP appreciates the opportunity to provide input in response to the Federal Government s consultation paper titled Establishing Mandatory Reporting Standards for the Extractive Sector (the Consultation Paper). This submission is complementary to and expands upon our earlier correspondence sent to Mr. Serge Dupont, Deputy Minister, Natural Resources Canada dated October 9, 2013 and Honourable Joe Oliver, Minister, Natural Resources Canada dated March 11, The Canadian Association of Petroleum Producers (CAPP) represents companies, large and small, that explore for, develop and produce natural gas and crude oil throughout Canada. CAPP s member companies produce about 90 per cent of Canada s natural gas and crude oil. CAPP's associate members provide a wide range of services that support the upstream crude oil and natural gas industry. Together CAPP's members and associate members are an important part of a national industry with revenues of about $110 billion a year. CAPP s mission is to enhance the economic sustainability of the Canadian upstream petroleum industry in a safe and environmentally and socially responsible manner, through constructive engagement and communication with governments, the public and stakeholders in the communities in which we operate. While CAPP is broadly supportive of the objectives of the initiative as proposed in the spring 2014 Consultation Paper, we have a number of outstanding concerns regarding the proposed reporting framework, its applicability and implementation, which are organized based on the structure of the consultation paper and detailed below. 1) Companies Required to Report CAPP is supportive of the government s approach to require private companies and state-owned enterprises to report, in addition to publicly traded companies, as this approach creates a level playing field for all companies within the oil and gas mining and extraction sector. However, it is 2100, Avenue S.W. Calgary, Alberta Canada T2P 3N9 Tel Fax , 275 Slater Street Ottawa, Ontario Canada K1P 5H9 Tel Fax , 235 Water Street St. John s, Newfoundland and Labrador Canada A1C 1B6 Tel Fax , 1321 Blanshard Street Victoria, British Columbia Canada V8W 0B5 Tel Fax

2 Page 2 important to set a minimum reporting threshold that does not place an undue burden on small private companies in the extractive sector, as per the government s stated intent to capture public and medium and large private extractive companies within the reporting framework. The thresholds currently proposed by the Government of Canada will capture companies with only a handful of employees and low production levels, resulting in high administrative compliance costs for these smaller operators. CAPP recommends that the federal government increase the asset threshold minimum amount to $250 million with a corresponding increase of the amount in the net turnover test (or a removal of this latter test altogether). This threshold will sufficiently capture the vast majority of CAPP non-public member companies, and is consistent with the recommendation presented by the Explorers and Producers Association of Canada (EPAC). 2) Types of Payments As outlined in prior feedback regarding this initiative, CAPP has a number of concerns related to sub-national domestic reporting. These concerns relate to payments to governments at all levels and to Aboriginal entities. Our perspective on the former issue is outlined later in this letter, whereas our views on payments to Aboriginal entities are provided below. The government of Canada is proposing that payments to Aboriginal entities be captured in the reporting framework. CAPP recognizes the potential benefits associated with improvements in the financial transparency and accountability of our members interactions with Aboriginal groups. However, the manner in which such reporting requirements are developed and implemented is critically important, particularly in the context of establishing and nurturing mutually beneficial and respectful relationships with Aboriginal communities and our Aboriginal business partners. As you are aware, constructive working relationships with Aboriginal communities can take many years to develop through extensive engagement. The proposed disclosure requirements have the potential to significantly undermine the trust and goodwill developed between industry and Aboriginal entities over time. We are in especially sensitive period in the relationship among industry, governments and Aboriginals in Canada, particularly given the national importance of achieving export market diversification for Canada s energy resources and the pivotal role played by Aboriginal groups in this process. CAPP recommends that the federal government defer implementation of domestic reporting of payments to Aboriginal entities, in order to allow further consideration by industry, governments and Aboriginal entities of potential alternatives and related implications for this specific dimension of reporting for extractive industries. In the interim, the federal government could consider enabling this reporting authority on a voluntary basis by the Aboriginal entity, in partnership with capacity building groups such as the Centre for First Nations Governance. This approach would have the benefit of showcasing leading practices currently adopted by Aboriginal entities (such as the

3 Page 3 Membertou First Nation, which was the first Aboriginal government in the world to gain International Organization for Standardization certification), while providing time, guidelines and support for other Aboriginal entities to develop similar practices. 3) Potential for a Conflict of Laws CAPP supports the view that companies should not be forced to report payments if such disclosure is prohibited by local laws or by pre-existing contracts (including Impact Benefit Agreements). The legislation should also contemplate exceptional circumstances under which companies request an exemption from the transparency legislation when faced with serious problems such as legal sanctions or losing a contract if the relevant data is disclosed. This clause should preserve the objective of the transparency legislation without putting Canadian companies in difficult situations. This is particularly important given that criminal sanctions may be employed for breaches of domestic law in some countries. Such an exemption clause would also be consistent with recent parallel developments in the U.S. Dodd-Frank Act. Moreover, under the OECD Declaration on International Investment and Multinational Enterprises, to which Canada has subscribed and is committed, OECD member countries will co-operate with a view to avoiding or minimizing the imposition of conflicting requirements on multinational enterprises and [ ] they will take into account the general considerations and practical approaches. In view of this policy commitment made by Canada, CAPP recommends that the Canadian government avoid measures that risk imposing potentially conflicting requirements on multinational enterprises. CAPP also recommends that companies be exempt from payments that would be considered confidential because they are highly sensitive / could result in competitive harm, in the reasonable opinion of the company s management. Aggregation of information is one means to address this issue. 4) Equivalency a) Consolidated Reporting CAPP is encouraged to learn that the Government of Canada is seeking to enable companies operating in multiple jurisdictions with mandatory reporting standards to produce a single report from an equivalency perspective. This is critical for minimizing the administrative burden of this initiative on CAPP members.

4 Page 4 b) U.S. Harmonization and Adapted Implementation Related to equivalency is the notion of consistency and harmonization of approaches across jurisdictions with integrated economies. The most important comparator jurisdiction for Canada in this regard is the United States, as many CAPP members operate in both jurisdictions. Under the proposed U.S. model and its corresponding application under the Extractive Industries Transparency Initiative, the U.S. has applied for the Adapted Implementation program at a subfederal level, due to the scope and complexity of state level revenue collection. Under this approach, only publicly available information will be reported at a sub-federal level. CAPP believes that a similar approach for Canada is both warranted and defensible. Currently provincial governments report revenues received from oil and gas industry in form of royalties, lease payments and land sale payments. Oil and gas production by provincial sub-regions is also publicly available, as is property tax, assessment and fee information for thousands of municipalities across Canada, updated annually. In addition, the federal government s proposed project level reporting approach will provide sufficient detail as to the location of industry investments at a regional level. As such, requiring subnational reporting at the provincial and municipal levels will only result in unnecessary complexity, duplication and administrative burden on an industry that is one of the leading drivers of the national economy. Consequently, CAPP recommends that an Adaptive Implementation approach for sub-federal reporting, similar to the U.S., be adopted by the government of Canada. c) Canada-U.S. Bilateral Exemptions Both the U.S. and Canada are requiring sub-federal level reporting of domestic company operations in foreign jurisdictions. Because of the integrated nature of the Canadian and U.S. economies, and the inherent complexities and redundancies of domestic sub-federal reporting requirements in both jurisdictions, CAPP recommends that Canada and the U.S. strike a bilateral agreement excluding sub-federal payments by domestic extractive industry companies in each other s jurisdiction, thereby eliminating unnecessary administrative burden and complexity. d) Project Definition The definition of a project needs careful consideration. The government of Canada is proposing a project definition based on the EU Transparency Directive. However, uncertainty remains regarding what project definition will be adopted by the U.S. In order to minimize inconsistencies and administrative burden on North American extractive companies while maximizing comparability of information from an end user perspective, CAPP recommends that the federal government continue to consult with industry regarding the ideal project definition and, where possible, seek to harmonize its approach with the U.S.

5 Page 5 5) Reporting Process CAPP recommends that company data be privately compiled and centrally released to maximize the usability and accessibility of the data, while minimizing the potential conflict of laws and disclosure of confidential information. 6) Other Considerations a) Proposed Timelines for Implementation CAPP recommends a phased-in approach to this initiative, as this approach will help ensure the program is effective in achieving its objectives while minimizing administrative burden and duplication. CAPP would welcome the opportunity to work with the government in developing reasonable implementation timelines. b) Opportunity for Further Dialogue Overall CAPP is supportive of the intent of the Extractive Sector Mandatory Reporting Standards initiative. However, as noted above and in previous correspondence, we continue to have substantive specific concerns regarding the design and implementation of the initiative. To help address these specific concerns and work collaboratively towards an effective, meaningful and achievable solution, CAPP welcomes the opportunity to meet with senior federal leadership on this initiative. This would afford an opportunity to clarify the proposed objectives and to discuss alternative approaches to achieve the desired outcomes. Thank you for the opportunity to comment and we look forward to the opportunity for further engagement with the Government of Canada on this important topic. Sincerely, Dave Collyer President Canadian Association of Petroleum Producers cc. Hon. Diana McQueen, Alberta Minister of Energy Mr. Stephen LeClair, Assistant Deputy Minister, Alberta Treasure Boards and Finance Mr. Gary Leach, President, the Explorers and Producers Association of Canada Ms. Brenda Kenny, President & Chief Executive Officer, Canadian Energy Pipeline Association Ms. Ann Marie Hann, President, Coal Association of Canada

Water Pricing under Bill 18 - BC Water Sustainability Act

Water Pricing under Bill 18 - BC Water Sustainability Act April 8, 2014 Ms. Lynn Kriwoken Director, Water Protection & Sustainability BC Ministry of Environment PO Box 9362 Stn Prov Govt Victoria British Columbia V8W 9M1 Dear Ms. Kriwoken: Re: Water Pricing under

More information

April 24, 2015. Dear Mr. Fraser: Ontario Energy Board Energy East consultations

April 24, 2015. Dear Mr. Fraser: Ontario Energy Board Energy East consultations Mr. Peter Fraser Vice-President Industry Operations and Performance PO Box 2319-2300 Yonge Street Toronto, Ontario M4P 1E4 Dear Mr. Fraser: RE: Energy East consultations The Canadian Association of Petroleum

More information

2015 Budget Submission to the House of Commons Standing Committee on Finance. Canadian Association of Petroleum Producers.

2015 Budget Submission to the House of Commons Standing Committee on Finance. Canadian Association of Petroleum Producers. 2015 Budget Submission to the House of Commons Standing Committee on Finance Canadian Association of Petroleum Producers August 2014 2100, 350 7 Avenue S.W. Calgary, Alberta Canada T2P 3N9 Tel 403-267-1100

More information

Re: Submission of Written Evidence to the Expert Panel of the Hydraulic Fracturing Independent Review and Public Consultation in Nova Scotia

Re: Submission of Written Evidence to the Expert Panel of the Hydraulic Fracturing Independent Review and Public Consultation in Nova Scotia April 4, 2014 NS Hydraulic Fracturing Review VSCEE, Cape Breton University P.O. Box 5300, 1250 Grand Lake Rd Sydney, Nova Scotia Canada B1P 6L2 Re: Submission of Written Evidence to the Expert Panel of

More information

The Taxation of Corporate Groups Consultation Paper November 2010

The Taxation of Corporate Groups Consultation Paper November 2010 April 15 th, 2011 Department of Finance L Esplanade Laurier 17 th Floor, East Tower 140 O Connor Street Ottawa, ON K1A 0G5 Attention: Mr. Geoff Trueman, Business Income Tax Division Dear Sirs and Mesdames,

More information

Bulletin 2015-15. 2015 AER Administration Fees (Industry Levy)

Bulletin 2015-15. 2015 AER Administration Fees (Industry Levy) Bulletin 2015-15 May 6, 2015 2015 AER Administration Fees (Industry Levy) Energy Regulation Program The Alberta Energy Regulator (AER) regulates energy resource development within Alberta and has a mandate

More information

Canada Business Corporations Act (the CBCA ).

Canada Business Corporations Act (the CBCA ). b DES BAl0tJIER5 BANKERS www.cbn.ca Box 348, Commerce Court West 199 Bay Street, 30 Floor ASSOCIATION CANADIAN Toronto, Ontario, Canada M5L 1G2 CANADIENS ASSOCIATION Director General Industry Canada Marketplace

More information

TAX LAW / INVESTMENT FUNDS BULLETIN CANADA EXTENDS SOURCE TAXATION FOR INVESTMENT FUNDS

TAX LAW / INVESTMENT FUNDS BULLETIN CANADA EXTENDS SOURCE TAXATION FOR INVESTMENT FUNDS February 9, 2005 CANADA EXTENDS SOURCE TAXATION TAX LAW / INVESTMENT FUNDS BULLETIN The Department of Finance released on December 6, 2004, draft legislation (the Amendments ) implementing the March 23,

More information

Energy BUSINESS PLAN 2015 18 ACCOUNTABILITY STATEMENT THE MINISTRY LINK TO GOVERNMENT OF ALBERTA STRATEGIC DIRECTION

Energy BUSINESS PLAN 2015 18 ACCOUNTABILITY STATEMENT THE MINISTRY LINK TO GOVERNMENT OF ALBERTA STRATEGIC DIRECTION Energy BUSINESS PLAN 205 8 ACCOUNTABILITY STATEMENT This business plan was prepared under my direction, taking into consideration the government s policy decisions as of October 5, 205. original signed

More information

ANNUAL REPORT ON DISCRIMINATION IN FOREIGN GOVERNMENT PROCUREMENT April 30, 2001

ANNUAL REPORT ON DISCRIMINATION IN FOREIGN GOVERNMENT PROCUREMENT April 30, 2001 ANNUAL REPORT ON DISCRIMINATION IN FOREIGN GOVERNMENT PROCUREMENT April 30, 2001 I. Introduction A longstanding objective of U.S. trade policy has been to open opportunities for U.S. suppliers to compete

More information

May 30, 2012. Expert Panel on Tax Room 105-617 Government Street Victoria, BC V8W 9V8 ExpertPanel@gov.bc.ca. Dear Expert Panel on Tax,

May 30, 2012. Expert Panel on Tax Room 105-617 Government Street Victoria, BC V8W 9V8 ExpertPanel@gov.bc.ca. Dear Expert Panel on Tax, May 30, 2012 Expert Panel on Tax Room 105-617 Government Street Victoria, BC V8W 9V8 ExpertPanel@gov.bc.ca Dear Expert Panel on Tax, Re: British Columbia Tax Competitiveness The Canadian Energy Pipeline

More information

Title Consultation Process to Determine Priority Information Needs for the Canadian Multiple Sclerosis Monitoring System

Title Consultation Process to Determine Priority Information Needs for the Canadian Multiple Sclerosis Monitoring System Title Consultation Process to Determine Priority Information Needs for the Canadian Multiple Sclerosis Monitoring System Subtitle Summary of Feedback From Participating CMSMS Advisory Committee Members

More information

A CONSULTATION PAPER SETTING UP OF LIFE INSURANCE BROKERAGE SUBSIDIARIES ALBERTA INCORPORATED FINANCIAL INSTITUTIONS

A CONSULTATION PAPER SETTING UP OF LIFE INSURANCE BROKERAGE SUBSIDIARIES ALBERTA INCORPORATED FINANCIAL INSTITUTIONS A CONSULTATION PAPER ON SETTING UP OF LIFE INSURANCE BROKERAGE SUBSIDIARIES BY ALBERTA INCORPORATED FINANCIAL INSTITUTIONS ALBERTA FINANCE October 2002 Introduction The purpose of this consultation paper

More information

E-ALERT Energy and Natural Resources

E-ALERT Energy and Natural Resources E-ALERT Energy and Natural Resources October 3, 2014 UK ISSUES PROPOSED RULE TO IMPLEMENT EU EXTRACTIVE AND LOGGING INDUSTRY REPORTING REQUIREMENTS The UK Government recently announced the publication

More information

Review of Building the Canadian Advantage: a Corporate Social Responsibility Strategy for the Canadian International Extractive Sector

Review of Building the Canadian Advantage: a Corporate Social Responsibility Strategy for the Canadian International Extractive Sector Review of Building the Canadian Advantage: a Corporate Social Responsibility Strategy for the Canadian International Extractive Sector Submission to the Department of Foreign Affairs, Trade & Development

More information

CLHIA Submission to the New Brunswick Advisory Committee on Health Benefits Concerning Developing a Drug Plan for Uninsured New Brunswickers

CLHIA Submission to the New Brunswick Advisory Committee on Health Benefits Concerning Developing a Drug Plan for Uninsured New Brunswickers CLHIA Submission to the New Brunswick Advisory Committee on Health Benefits Concerning Developing a Drug Plan for Uninsured New Brunswickers 1 Queen Street East Suite 1700 Toronto, Ontario M5C 2X9 1, rue

More information

PROVINCIAL/TERRITORIAL COUNCIL Of MINISTERS OF SECURITIES REGULATION (Council) ANNUAL PROGRESS REPORT January 2013 to December 2013

PROVINCIAL/TERRITORIAL COUNCIL Of MINISTERS OF SECURITIES REGULATION (Council) ANNUAL PROGRESS REPORT January 2013 to December 2013 PROVINCIAL/TERRITORIAL COUNCIL Of MINISTERS OF SECURITIES REGULATION (Council) ANNUAL PROGRESS REPORT January 2013 to December 2013 BACKGROUND Since its formation in 2004, the Provincial-Territorial Council

More information

COMPETITION COMMITTEE BEST PRACTICES FOR THE FORMAL EXCHANGE OF INFORMATION BETWEEN COMPETITION AUTHORITIES IN HARD CORE CARTEL INVESTIGATIONS

COMPETITION COMMITTEE BEST PRACTICES FOR THE FORMAL EXCHANGE OF INFORMATION BETWEEN COMPETITION AUTHORITIES IN HARD CORE CARTEL INVESTIGATIONS COMPETITION COMMITTEE BEST PRACTICES FOR THE FORMAL EXCHANGE OF INFORMATION BETWEEN COMPETITION AUTHORITIES IN HARD CORE CARTEL INVESTIGATIONS OCTOBER 2005 BEST PRACTICES FOR THE FORMAL EXCHANGE OF INFORMATION

More information

RE: Client Relationship Model Proposed Rules

RE: Client Relationship Model Proposed Rules Ian C.W. Russell President & Chief Executive Officer August 18, 2008 Ms. Sarah Corrigall-Brown Senior Legal Counsel British Columbia Securities Commission 701 West Georgia Street P.O. Box 10142, Pacific

More information

Office of the Executive Council. activity plan 2014-17

Office of the Executive Council. activity plan 2014-17 Office of the Executive Council activity plan 2014-17 Message from the Premier In accordance with my responsibilities under the Transparency and Accountability Act, I am pleased to present the 2014-17

More information

December 10, 2013. Dear Minister:

December 10, 2013. Dear Minister: Office of the President and Chief Executive Officer Cabinet du président et chef de la direction December 10, 2013 The Honourable James M. Flaherty, P.C., M.P. Minister of Finance Department of Finance

More information

ENGINEERING LABOUR MARKET

ENGINEERING LABOUR MARKET ENGINEERING LABOUR MARKET in Canada Projections to 2025 JUNE 2015 ENGINEERING LABOUR MARKET in Canada Projections to 2025 Prepared by: MESSAGE FROM THE CHIEF EXECUTIVE OFFICER Dear colleagues: Engineers

More information

THE BRENDA STRAFFORD CENTRE FOR THE PREVENTION OF DOMESTIC VIOLENCE

THE BRENDA STRAFFORD CENTRE FOR THE PREVENTION OF DOMESTIC VIOLENCE Financial Statements of THE BRENDA STRAFFORD CENTRE FOR THE PREVENTION OF DOMESTIC VIOLENCE Year ended March 31, 2014 KPMG Enterprise Telephone (403) 691-8000 205-5 th Avenue SW Fax (403) 691-8008 Suite

More information

NEWS RELEASE QUESTOR TECHNOLOGY INC. ANNOUNCES FIRST QUARTER 2014 FINANCIAL RESULTS

NEWS RELEASE QUESTOR TECHNOLOGY INC. ANNOUNCES FIRST QUARTER 2014 FINANCIAL RESULTS NEWS RELEASE QUESTOR TECHNOLOGY INC. ANNOUNCES FIRST QUARTER 2014 FINANCIAL RESULTS Calgary, Alberta (May 30, 2014) Questor Technology Inc. ( Questor or the Company ) (TSX-V: QST) announced today its financial

More information

Montréal Toronto Vancouver Moncton Halifax Québec

Montréal Toronto Vancouver Moncton Halifax Québec Montréal Toronto Vancouver Moncton Halifax Québec October 1, 2012 SR&ED Consultations Department of Finance 140 O Connor Street Ottawa, Ontario K1A 0G5 Dear Madam/Sir, Alma Consulting Group is pleased

More information

jstevenson@osc.gov.on.ca, consultation-en-cours@lautorite.qc.ca

jstevenson@osc.gov.on.ca, consultation-en-cours@lautorite.qc.ca VIA EMAIL: jstevenson@osc.gov.on.ca, consultation-en-cours@lautorite.qc.ca Alberta Securities Commission Autorité des marchés financiers British Columbia Securities Commission Manitoba Securities Commission

More information

Royalties in Alberta

Royalties in Alberta Royalties in Alberta Background information Royalty review As the owners of Alberta s energy resources, Albertans are entitled to benefit from development of these resources. In February 2007, the provincial

More information

005ASubmission to the Serious Data Breach Notification Consultation

005ASubmission to the Serious Data Breach Notification Consultation 005ASubmission to the Serious Data Breach Notification Consultation (Consultation closes 4 March 2016 please send electronic submissions to privacy.consultation@ag.gov.au) Your details Name/organisation

More information

Response to consultation on options for reform: a competition regime for growth

Response to consultation on options for reform: a competition regime for growth Duncan Lawson Department for Business Innovation and Skills 3 rd Floor, Orchard 2 1 Victoria Street Westminster SW1H 0ET 13 th June 2011 cma@bis.gsi.gov.uk Response to consultation on options for reform:

More information

Mr Ronald S Boster Acting Secretary Public Company Accounting Oversight Board 1666 K Street, NW USA-Washington, DC 20006-2803.

Mr Ronald S Boster Acting Secretary Public Company Accounting Oversight Board 1666 K Street, NW USA-Washington, DC 20006-2803. Date Secrétariat Fédération Rue de la Loi 83 Général des Experts 1040 Bruxelles 31 March 2003 Comptables Tél. 32 (0) 2 285 40 85 Européens Fax: 32 (0) 2 231 11 12 E-mail: secretariat@fee.be Mr Ronald S

More information

Student Loan Corporation of Newfoundland and Labrador. Annual Report 2014-15

Student Loan Corporation of Newfoundland and Labrador. Annual Report 2014-15 Student Loan Corporation of Newfoundland and Labrador Annual Report 2014-15 Student Loan Corporation of Newfoundland & Labrador August 31, 2015 Honourable Clyde Jackman Minister Department of Advanced

More information

The Alberta Energy and Utilities Board (EUB) announces the 2007 administration fees.

The Alberta Energy and Utilities Board (EUB) announces the 2007 administration fees. Bulletin 2007-15 May 29, 2007 2007 Administration Fees, General Assessment, and Funding of Broad Industry Initiatives 1 General The Alberta Energy and Utilities Board (EUB) announces the 2007 administration

More information

Trilogy completed the sale of its Dunvegan oil assets in the Kaybob area for net proceeds of $45 million.

Trilogy completed the sale of its Dunvegan oil assets in the Kaybob area for net proceeds of $45 million. Calgary, Alberta November 5, 2015 News Release: Trilogy Energy Corp. Announces Financial and Operating Results for the Three and Nine Months-Ended September 30, 2015 and Provides Revised Guidance Trilogy

More information

11, 2013 (2013) 36 OSCB

11, 2013 (2013) 36 OSCB 1.1.4 Notice of Memorandum of Understanding Concerning Consultation, Cooperation and the Exchange of Information Related to the Supervision of Cross-Border Regulated Entities NOTICE OF MEMORANDUM OF UNDERSTANDING

More information

Memorandum of Understanding ( MOU ) Respecting the Oversight of Certain Clearing and Settlement Systems. among:

Memorandum of Understanding ( MOU ) Respecting the Oversight of Certain Clearing and Settlement Systems. among: March 19, 2014 Memorandum of Understanding ( MOU ) Respecting the Oversight of Certain Clearing and Settlement Systems The Parties hereby agree as follows: among: Bank of Canada (the Bank ) Ontario Securities

More information

CONTINUING ISSUES FOR U.S. LLCS INVESTING INTO CANADA

CONTINUING ISSUES FOR U.S. LLCS INVESTING INTO CANADA MARCH 2010 CONTINUING ISSUES FOR U.S. LLCS By Elinore Richardson and Stephanie Wong TAX LAW BULLETIN The Canada Revenue Agency ( CRA ), on February 11, 2010, issued a Technical Memorandum on the application

More information

Re: File Number S7-29-07 Concept Release on Possible revisions to the Disclosure Requirements relating to Oil and Gas Reserves

Re: File Number S7-29-07 Concept Release on Possible revisions to the Disclosure Requirements relating to Oil and Gas Reserves Hugh L. Hooker Chief Compliance Officer, Corporate Secretary, Associate General Counsel Petro-Canada 37 th Floor, 150 6 th Avenue S.W. P.O. Box2844 Calgary, Alberta T2P 3E3 Telephone (403) 296-7778 Facsimile

More information

OECD Proposals for Mandatory Disclosure of Tax Information

OECD Proposals for Mandatory Disclosure of Tax Information OECD Proposals for Mandatory Disclosure of Tax Information Discussion Paper May 2016 Commonwealth of Australia 2016 ISBN 978-1-925220-98-8 This publication is available for your use under a Creative Commons

More information

June 18, 2014. Dear Sirs/Mesdames:

June 18, 2014. Dear Sirs/Mesdames: June 18, 2014 Me Anne-Marie Beaudoin Corporate Secretary Autorité des marchés financiers 800, square Victoria, 22e étage C.P. 246, tour de la Bourse Montréal (Québec) H4Z 1G3 E-mail: consultation-en-cours@lautorite.qc.ca

More information

Our responses to the three questions that the Notice requests specific feedback to are as follows:

Our responses to the three questions that the Notice requests specific feedback to are as follows: March 10, 2014 Attention: Jamie Bulnes Director, Member Regulation Policy Investment Industry Regulatory Organization of Canada Suite 2000, 121 King St West Toronto Ontario M5H 3T9 jbulnes@iiroc.ca Manager

More information

Comments on Proposed National Instrument 41-101 General Prospectus Requirements.

Comments on Proposed National Instrument 41-101 General Prospectus Requirements. 400 144 4TH AVENUE S.W. CALGARY, ALBERTA T2P 3N4 TELEPHONE: 403. 221. 0802 FAX: 403. 221. 0888 Via Electronic Correspondence to Addressees Indicated in Schedule A March 28, 2007 The British Columbia Securities

More information

Insights and Lessons Learned From the PHC VRS Prototype

Insights and Lessons Learned From the PHC VRS Prototype Insights and Lessons Learned From the PHC VRS Prototype Our Vision Better data. Better decisions. Healthier Canadians. Our Mandate To lead the development and maintenance of comprehensive and integrated

More information

2015/16 2017/18 SERVICE PLAN

2015/16 2017/18 SERVICE PLAN Ministry of Social Development and Social Innovation 2015/16 2017/18 SERVICE PLAN February 2015 For more information on the British Columbia Ministry of Social Development and Social Innovation, see Ministry

More information

April 12, 2013. Attention:

April 12, 2013. Attention: Michelle Alexander Director of Policy April 12, 2013 British Columbia Securities Commission Alberta Securities Commission Saskatchewan Financial Services Commission Manitoba Securities Commission Ontario

More information

Office of Climate Change, Energy Efficiency and Emissions Trading. Business Plan

Office of Climate Change, Energy Efficiency and Emissions Trading. Business Plan Office of Climate Change, Energy Efficiency and Emissions Trading Business Plan April 1, 2011 - March 31, 2014 Table of Contents Message from the Premier...3 1.0 OVERVIEW...4 2.0 MANDATE...5 3.0 LINES

More information

Inca One Gold Corp. Insider Trading Policy

Inca One Gold Corp. Insider Trading Policy Inca One Gold Corp. Insider Trading Policy 1.0 Introduction The Board of Directors (the Board ) of Inca One Gold Corp. ( Inca One ) 1 has determined that Inca One should formalize its policy on securities

More information

October 30, 2006. Mr. John Stevenson, Secretary Ontario Securities Commission 20 Queen Street West Suite 1903, Box 55 Toronto Ontario M5H 3S8

October 30, 2006. Mr. John Stevenson, Secretary Ontario Securities Commission 20 Queen Street West Suite 1903, Box 55 Toronto Ontario M5H 3S8 Ian C.W. Russell, FCSI President & Chief Executive Officer October 30, 2006 Mr. John Stevenson, Secretary Ontario Securities Commission 20 Queen Street West Suite 1903, Box 55 Toronto Ontario M5H 3S8 Dear

More information

NATIONAL INSTRUMENT 45-101 RIGHTS OFFERINGS TABLE OF CONTENTS PART 1 DEFINITIONS, INTERPRETATION AND APPLICATION

NATIONAL INSTRUMENT 45-101 RIGHTS OFFERINGS TABLE OF CONTENTS PART 1 DEFINITIONS, INTERPRETATION AND APPLICATION NATIONAL INSTRUMENT 45-101 RIGHTS OFFERINGS TABLE OF CONTENTS PART 1 DEFINITIONS, INTERPRETATION AND APPLICATION 1.1 Definitions 1.2 Interpretation 1.3 Application PART 2 REMOVAL OF RIGHTS OFFERING PROSPECTUS

More information

Briefing for Government Ministers on their August 2015 Presentation from Canadian Natural Resources Ltd.

Briefing for Government Ministers on their August 2015 Presentation from Canadian Natural Resources Ltd. Briefing for Government Ministers on their August 2015 Presentation from Canadian Natural Resources Ltd. The presentation by Canadian Natural Resources (CNRL) to Alberta Government Ministers (August 2015)

More information

NATIONAL INSTRUMENT COMMODITY POOLS

NATIONAL INSTRUMENT COMMODITY POOLS 6.1.2 National Instrument 81-104 Commodity Pools NATIONAL INSTRUMENT 81-104 COMMODITY POOLS PART 1 DEFINITIONS, APPLICATION AND INTERPRETATION 1.1 Definitions (1) In this Instrument "Canadian Securities

More information

Status Report of the Auditor General of Canada to the House of Commons

Status Report of the Auditor General of Canada to the House of Commons 2011 Status Report of the Auditor General of Canada to the House of Commons Chapter 1 Financial Management and Control and Risk Management Office of the Auditor General of Canada The 2011 Status Report

More information

Preparing, Reviewing and Using Class Environmental Assessments in Ontario

Preparing, Reviewing and Using Class Environmental Assessments in Ontario Code of Practice Preparing, Reviewing and Using Class Environmental Assessments in Ontario Legislative Authority: Environmental Assessment Act, RSO 1990, chapter E.18 January 2014 This Code of Practice

More information

SCHEDULE A ACCREDITED INVESTOR STATUS CERTIFICATE

SCHEDULE A ACCREDITED INVESTOR STATUS CERTIFICATE SCHEDULE A ACCREDITED INVESTOR STATUS CERTIFICATE TO BE COMPLETED BY BRITISH COLUMBIA, ALBERTA, SASKATCHEWAN, MANITOBA, ONTARIO, QUÉBEC, NEWFOUNDLAND AND LABRADOR, NOVA SCOTIA, NEW BRUNSWICK AND PRINCE

More information

Lion One Metals Ltd. Insider Trading Policy

Lion One Metals Ltd. Insider Trading Policy Lion One Metals Ltd. Insider Trading Policy 1.0 Introduction The Board of Directors of Lion One Metals Ltd. ( Lion One ) 1 has determined that Lion One should formalize its policy on securities trading

More information

Backgrounder A New Canadian Securities Regulatory Authority

Backgrounder A New Canadian Securities Regulatory Authority Backgrounder A New Canadian Securities Regulatory Authority 1. Introduction 2. Mandate and Guiding Principles 3. Financial Stability and Effective Scope of Authority 4. Strengthening Enforcement to Better

More information

National Consumer Credit Protection Amendment (Credit Reform Phase 2) Bill 2012

National Consumer Credit Protection Amendment (Credit Reform Phase 2) Bill 2012 Mr Christian Mikula Manager, Disclosure and International Unit Retail Investor Division The Treasury Langton Crescent PARKES ACT 2600 By email: creditphase2bill@treasury.gov.au 1 March 2013 National Consumer

More information

February 2, 2015. Honourable Robert R. McLeod Premier, Government of the Northwest Territories P.O. Box 1320 Yellowknife, NT X1A 2L9.

February 2, 2015. Honourable Robert R. McLeod Premier, Government of the Northwest Territories P.O. Box 1320 Yellowknife, NT X1A 2L9. February 2, 2015 Honourable Robert R. McLeod Premier, Government of the Northwest Territories P.O. Box 1320 Yellowknife, NT X1A 2L9 Dear Sir: Re: 2014 Northwest Territories Energy Charrette Report released

More information

Canada s Energy Future

Canada s Energy Future Canada s Energy Future Canadian Responsible Investment Conference Victoria June 20, 2011 Dave Collyer, President The Global Energy Context Significant energy demand growth: Population, standards of living

More information

Response to Canadian Securities Administrators Notice and Request for Comments on Proposed Amendments to National Instrument Mutual Funds

Response to Canadian Securities Administrators Notice and Request for Comments on Proposed Amendments to National Instrument Mutual Funds June 25, 2013 British Columbia Securities Commission Alberta Securities Commission Financial and Consumer Affairs Authority of Saskatchewan Manitoba Securities Commission Ontario Securities Commission

More information

BRITISH COLUMBIA. The Best Place on Earch. Thank you for the opportunity to comment on this Statement of Principles (SOP).

BRITISH COLUMBIA. The Best Place on Earch. Thank you for the opportunity to comment on this Statement of Principles (SOP). BRITISH COLUMBIA The Best Place on Earch November 29,2007 173602 Tim Beauchamp Director, Public Sector Accounting 277 Wellington Street West Toronto, ON M5V 3H2 E-mail: ed.psector@cica.ca Dear Mr. Beauchamp:

More information

REPORTING OF RESERVES AND RESOURCES IN CANADA DISCLAIMER

REPORTING OF RESERVES AND RESOURCES IN CANADA DISCLAIMER REPORTING OF RESERVES AND RESOURCES IN CANADA Dr. David C. Elliott, Chief Petroleum Advisor Alberta Securities Commission, Canada DISCLAIMER The views presented here are not necessarily the views of the

More information

Government Services ACCOUNTABILITY STATEMENT

Government Services ACCOUNTABILITY STATEMENT BUSINESS PLAN 2000-03 Government Services ACCOUNTABILITY STATEMENT This Business Plan for the three years commencing April 1, 2000 was prepared under my direction in accordance with the Government Accountability

More information

TALISMAN ENERGY INC. SUITE 3400, 888 3RD STREET S.W. CALGARY, ALBERTA T2P 5C5 FAX (403) TEL (403)

TALISMAN ENERGY INC. SUITE 3400, 888 3RD STREET S.W. CALGARY, ALBERTA T2P 5C5 FAX (403) TEL (403) TALISMAN ENERGY INC. SUITE 3400, 888 3RD STREET S.W. CALGARY, ALBERTA T2P 5C5 FAX (403) 237-1902 TEL (403) 237-1234 www.talisman-energy.com DELIVERED VIA E-MAIL June 29, 2007 John Stevenson, Secretary

More information

APPENDIX A. Draft Recognition Order Conditions

APPENDIX A. Draft Recognition Order Conditions APPENDIX A Draft Recognition Order Conditions Definitions 1. For the purposes of this order: Exchange means the TSX Venture Exchange Inc.; Maple clearing agency means any clearing agency owned or operated

More information

FINRA Regulatory Notice 08-71: Reporting Requirements

FINRA Regulatory Notice 08-71: Reporting Requirements VIA ELECTRONIC MAIL Marcia E. Asquith Office of the Corporate Secretary FINRA 1735 K Street, NW Washington, DC 20006-1500 RE: FINRA Regulatory Notice 08-71: Reporting Requirements Dear Ms. Asquith: On

More information

July 25, 2014. Dear Sirs/Mesdames:

July 25, 2014. Dear Sirs/Mesdames: July 25, 2014 British Columbia Securities Commission Alberta Securities Commission Financial and Consumer Affairs Authority of Saskatchewan Manitoba Securities Commission Ontario Securities Commission

More information

Subject: Press Release Proposed Improvements to the Application of the GST/HST to the Financial Services Sector

Subject: Press Release Proposed Improvements to the Application of the GST/HST to the Financial Services Sector SENT BY MAIL & EMAIL Mr. Bob Hamilton Assistant Deputy Minister Tax Policy Branch Department of Finance 140 O Connor Street Ottawa ON K1A 0G5 Dear Mr. Hamilton: Subject: Press Release 2007-006 Proposed

More information

USEITI and Federal Income Tax Voluntary Disclosure

USEITI and Federal Income Tax Voluntary Disclosure USEITI and Federal Income Tax Voluntary Disclosure Curtis Carlson Acting Director Business Revenue Division Office of Tax Analysis July 23-24, 2013 An Option for Voluntary Reporting and Reconciliation

More information

23 February 2014. Comments on the OECD Discussion Draft on Transfer Pricing Documentation and CbC Reporting 30 January 2014

23 February 2014. Comments on the OECD Discussion Draft on Transfer Pricing Documentation and CbC Reporting 30 January 2014 Joseph L. Andrus Head of Transfer Pricing Unit OECD Centre for Tax Policy and Administration 2, rue André Pascal 75775 Paris Cedex 16 France 23 February 2014 Comments on the OECD Discussion Draft on Transfer

More information

Unofficial Consolidation January 1, 2015

Unofficial Consolidation January 1, 2015 This document is an unofficial consolidation of all amendments to National Instrument 21-101 Marketplace Operation, its Forms and its Companion Policy current to January 1, 201 This document is for reference

More information

June 22, 2010. Large Trader Reporting System, Rel. No. 34-61908; File No. S7-10-10

June 22, 2010. Large Trader Reporting System, Rel. No. 34-61908; File No. S7-10-10 June 22, 2010 Via Electronic Filing Elizabeth M. Murphy Secretary Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549-1090 Re: Large Trader Reporting System, Rel. No. 34-61908;

More information

Doing Business. A Practical Guide. casselsbrock.com. Canada. Dispute Resolution. Foreign Investment. Aboriginal. Securities and Corporate Finance

Doing Business. A Practical Guide. casselsbrock.com. Canada. Dispute Resolution. Foreign Investment. Aboriginal. Securities and Corporate Finance About Canada Dispute Resolution Forms of Business Organization Aboriginal Law Competition Law Real Estate Securities and Corporate Finance Foreign Investment Public- Private Partnerships Restructuring

More information

TAX ANNEX TO THE SAINT PETERSBURG G20 LEADERS DECLARATION

TAX ANNEX TO THE SAINT PETERSBURG G20 LEADERS DECLARATION TAX ANNEX TO THE ST. PETERSBURG G20 LEADERS DECLARATION September, 2013 TAX ANNEX TO THE SAINT PETERSBURG G20 LEADERS DECLARATION 1. The G20 has been at the forefront of efforts to establish a more effective,

More information

MAKE MONEY. MAKE A DIFFERENCE. GETTING REAL ABOUT THE ENERGY TRANSITION

MAKE MONEY. MAKE A DIFFERENCE. GETTING REAL ABOUT THE ENERGY TRANSITION MAKE MONEY. MAKE A DIFFERENCE. GETTING REAL ABOUT THE ENERGY TRANSITION WHAT IS THE CARBON BUBBLE? WHAT IS ENERGY TRANSITION? One of society s most complex and difficult problems is how to shift from a

More information

Bankruptcy and Insolvency

Bankruptcy and Insolvency Bankruptcy and Insolvency Section M of Stikeman Elliott s Doing Business in Canada Stikeman Elliott llp Stikeman Elliott LLP Canadian Business Law. Worldwide. Stikeman Elliott is recognized internationally

More information

BEPS Action 13: Transfer Pricing Documentation and Country-by-Country Reporting

BEPS Action 13: Transfer Pricing Documentation and Country-by-Country Reporting United Kingdom BEPS Action 13: Transfer Pricing Documentation and Country-by-Country Reporting On 16 September 2014, ahead of the G20 Finance Ministers meeting on 20-21 September, the OECD published seven

More information

5. 16. Regulatory Approvals for Energy Projects. National Energy Board. Federal Environmental Legislation

5. 16. Regulatory Approvals for Energy Projects. National Energy Board. Federal Environmental Legislation Regulatory Approvals for Energy Projects By Shawn Denstedt, Q.C., Martin Ignasiak & Richard J. King Depending on the scope and location of the project, proposed energy projects in Canada may require a

More information

Opening Your Retail Account

Opening Your Retail Account www.iiroc.ca Tel. 1.877.442.4322 Investment Industry Regulatory Organization of Canada Opening Your Retail Account What your investment dealer needs from you and why Organisme canadien de réglementation

More information

Adaptive Management Measures under the Canadian Environmental Assessment Act

Adaptive Management Measures under the Canadian Environmental Assessment Act Operational Policy Statement Adaptive Management Measures under the Canadian Environmental Assessment Act Purpose This operational policy statement (OPS) provides best practice guidance on the use of adaptive

More information

Carlsbad Springs Solar Project

Carlsbad Springs Solar Project Date: July 16, 2015 Qualified Applicant: Invenergy LLC 120 Front Street East, Suite 201 Toronto, ON M5A 4L9 Registered Proponent: Carlsbad Springs Solar Energy Partnership Email: carlsbadspringssolarinfo@invenergyllc.com

More information

ONTARIO SCHOOL BOARD GOVERNANCE FOR THE 21 ST CENTURY CONSULTATION PAPER

ONTARIO SCHOOL BOARD GOVERNANCE FOR THE 21 ST CENTURY CONSULTATION PAPER ONTARIO SCHOOL BOARD GOVERNANCE FOR THE 21 ST CENTURY CONSULTATION PAPER December 2008 Governance Review Committee CONTENTS 1. INTRODUCTION... 2 2. BACKGROUND AND SCOPE... 3 3. DISCUSSION: PARTICIPANT

More information

March 23, 2006. The Honourable Carolyn Bolivar-Getson Minister of Environment and Labour P.O. Box 697 HALIFAX, NS B3J 2T8.

March 23, 2006. The Honourable Carolyn Bolivar-Getson Minister of Environment and Labour P.O. Box 697 HALIFAX, NS B3J 2T8. Tel: (902) 424-8915 Fax: (902) 424-0648 March 23, 2006 The Honourable Carolyn Bolivar-Getson Minister of Environment and Labour P.O. Box 697 HALIFAX, NS B3J 2T8 Dear Madam: Pursuant to the requirements

More information

A Note on Business Tax Competitiveness in British Columbia

A Note on Business Tax Competitiveness in British Columbia A Note on Business Tax Competitiveness in British Columbia Volume 21, Issue 2, May 2014 It s slightly more than one year since BC scrapped the Harmonized Sales Tax (HST) and returned to the former Provincial

More information

THE COMPOSITION OF BUSINESS ESTABLISHMENTS IN SMALLER AND LARGER COMMUNITIES IN CANADA

THE COMPOSITION OF BUSINESS ESTABLISHMENTS IN SMALLER AND LARGER COMMUNITIES IN CANADA Rural and Small Town Canada Analysis Bulletin Vol. 1, No. 3 (February 1999) Catalogue no. 21-006-XIE THE COMPOSITION OF BUSINESS ESTABLISHMENTS IN SMALLER AND LARGER COMMUNITIES IN CANADA Robert Mendelson

More information

CANADA-WIDE STANDARD on MERCURY for DENTAL AMALGAM WASTE

CANADA-WIDE STANDARD on MERCURY for DENTAL AMALGAM WASTE Canadian Council of Ministers of the Environment CANADA-WIDE STANDARD on MERCURY for DENTAL AMALGAM WASTE Endorsed by CCME Council of Ministers, September 22-23, 2001 1 CANADA-WIDE STANDARD on Mercury

More information

SEAFIELD RESOURCES LTD. (the Corporation ) Insider Trading Policy

SEAFIELD RESOURCES LTD. (the Corporation ) Insider Trading Policy SEAFIELD RESOURCES LTD. (the Corporation ) Insider Trading Policy 1. Introduction The Board of Directors of the Corporation 1 has determined that the Corporation should formalize its policy on securities

More information

Catalogue no. 89-640-X. 2008 General Social Survey: Selected Tables on Social Engagement

Catalogue no. 89-640-X. 2008 General Social Survey: Selected Tables on Social Engagement Catalogue no. 89-640-X 2008 General Social Survey: Selected Tables on Social Engagement 2008 How to obtain more information For information about this product or the wide range of services and data available

More information

Software Development and Computer Services

Software Development and Computer Services Catalogue no. 63-255-X. Service bulletin Software Development and Computer Services 2011. Highlights revenue in the Canadian software development and computer services industry group increased by 9.5%

More information

Canada Regulation. Hedge fund managers/advisors. Regulation. Authorization requirements and process

Canada Regulation. Hedge fund managers/advisors. Regulation. Authorization requirements and process Canada HEDGE FUNDS 2010 Hedge fund managers/advisors The regulatory framework falls under the jurisdiction of each of the provinces and territories of Canada and there is currently no established national

More information

STUDENT LOAN CORPORATION OF NEWFOUNDLAND AND LABRADOR

STUDENT LOAN CORPORATION OF NEWFOUNDLAND AND LABRADOR STUDENT LOAN CORPORATION OF NEWFOUNDLAND AND LABRADOR BUSINESS PLAN APRIL 1, 2014 - MARCH 31, 2017 TABLE OF CONTENTS MESSAGE FROM THE CHAIR... 1 PLAN AT A GLANCE... 2 OVERVIEW... 3 MANDATE... 4 LINES OF

More information

INCORPORATING YOUR BUSINESS

INCORPORATING YOUR BUSINESS INCORPORATING YOUR BUSINESS REFERENCE GUIDE If you are carrying on a business through a sole proprietorship or a partnership, it may at some point be appropriate to use a corporation to carry on the business.

More information

SEARCH PROFILE. Executive Director Energy Technical Services. Alberta Energy. Executive Manager 1

SEARCH PROFILE. Executive Director Energy Technical Services. Alberta Energy. Executive Manager 1 SEARCH PROFILE Executive Director Energy Technical Services Alberta Energy Executive Manager 1 Salary Range: $125,318 - $164,691 ($4,801.47 - $6,310.03 bi-weekly) Limited Competition Job ID: 1032725 Closing

More information

Software Development and Computer Services

Software Development and Computer Services Catalogue no. 63-255-X. Service bulletin Software Development and Computer Services 2012. Highlights revenue generated by businesses in the software development and computer services industry advanced

More information

NATIONAL INSTRUMENT 31-103 REGISTRATION REQUIREMENTS AND EXEMPTIONS. Table of Contents

NATIONAL INSTRUMENT 31-103 REGISTRATION REQUIREMENTS AND EXEMPTIONS. Table of Contents NATIONAL INSTRUMENT 31-103 REGISTRATION REQUIREMENTS AND EXEMPTIONS Table of Contents Part 1 Interpretation 1.1 Definitions of terms used throughout this Instrument 1.2 Interpretation of securities in

More information

Alternative Investment Management Association

Alternative Investment Management Association Alternative Investment Management Association Ms. Danielle Rolfes International Tax Counsel Office of the International Tax Counsel Department of the Treasury 1500 Pennsylvania Avenue, N.W. Washington

More information

CLOUD COMPUTING FOR SMALL- AND MEDIUM-SIZED ENTERPRISES:

CLOUD COMPUTING FOR SMALL- AND MEDIUM-SIZED ENTERPRISES: CLOUD COMPUTING FOR SMALL- AND MEDIUM-SIZED ENTERPRISES: Privacy Responsibilities and Considerations Cloud computing is the delivery of computing services over the Internet, and it offers many potential

More information

INSIDER TRADING POLICY SUPERIOR PLUS CORP.

INSIDER TRADING POLICY SUPERIOR PLUS CORP. INSIDER TRADING POLICY SUPERIOR PLUS CORP. A fundamental principle of securities legislation is that everyone investing in securities should have equal access to information that may affect their decision

More information

99 Metcalfe Street, Suite 1202 99, rue Metcalfe, bureau 1202 Ottawa, Ontario K1P 6L7 Ottawa (Ontario) K1P 6L7. June 23, 2014

99 Metcalfe Street, Suite 1202 99, rue Metcalfe, bureau 1202 Ottawa, Ontario K1P 6L7 Ottawa (Ontario) K1P 6L7. June 23, 2014 99 Metcalfe Street, Suite 1202 99, rue Metcalfe, bureau 1202 Ottawa, Ontario K1P 6L7 Ottawa (Ontario) K1P 6L7 June 23, 2014 Minister Kevin Sorenson Minister of State (Finance) Department of Finance Canada

More information

Canada s Energy Sector in a Changing Global Market. Kristi Varangu Director, International Energy Division March 10, 2014

Canada s Energy Sector in a Changing Global Market. Kristi Varangu Director, International Energy Division March 10, 2014 Canada s Energy Sector in a Changing Global Market Kristi Varangu Director, International Energy Division March 10, 2014 2 Purpose Illustrate the profound changes that are taking place in global and North

More information

VIA E-MAIL: jstevenson@osc.gov.on.ca, consultation-en-cours@lautorite.qc.ca

VIA E-MAIL: jstevenson@osc.gov.on.ca, consultation-en-cours@lautorite.qc.ca VIA E-MAIL: jstevenson@osc.gov.on.ca, consultation-en-cours@lautorite.qc.ca April 12, 2013 British Columbia Securities Commission Alberta Securities Commission Saskatchewan Financial Services Commission

More information