Revising an existing decommissioning liability September 17, 2014 CPA Canada’s Oil and Gas Industry Task Force on IFRSs Did you know? "A decommissioning liability may arise from a legal or constructive obligation. Paragraph 10 of IAS 37 defines both a legal and constructive obligation.
New regulations governing LNG facilities September 16, 2014 David Bursey and Matthew Keen Natural gas markets have evolved rapidly in recent years. Just look at how quickly LNG (liquefied natural gas) terminal plans switched from imports to exports. In British Columbia, regulators are hurrying to play catch up.
Arctic caucus formed on navigation, commercial issues linked to melting sea ice September 10, 2014 Dean Scott Members of the U.S. Congress have formed a working group to deal with the fallout from melting Arctic sea ice. As Canada enters an election year, it is also handing over chairmanship of the Arctic Council to the U.S.
Churchill Falls (Labrador) Corporation Ltd. v. Hydro-Quebec 2014 QCCS 3590 September 09, 2014 Martin Thiboutot Those of us who negotiate and draft contracts for a living seldom get to see what happens to the agreement after the ink has dried on the signature lines. That is where cases like the dispute over the Churchill Falls power supply contract fit in.
The Columbia River Treaty at 50: Looking back, looking ahead September 01, 2014 Sonya Baskerville, Charles R. Sensiba, and Gabriel Tabak The future of the 50-year-old Columbia River Treaty, which authorized the construction and operation of a series of storage dams and established an international legal framework that continues to govern hydropower and flood control in…
Trade tectonics June 30, 2014 Katia Opalka When you’re standing still it’s hard to believe that you’re also barrelling through space. Much of what we do in the files that cross our desks daily can be explained by reference to the shifting currents of global trade…
Cabinet appoints industry minister as head of new NWT regulator June 30, 2014 Meagan Wohlberg It’s interesting to watch governments decide who gets to make the final decision on project approvals. A board? A minister? Cabinet? The choice will send a signal to the regulated community and the public at large regarding the kinds of factors…
Wellsite ordered reclaimed: in for a penny, now about that pound? June 30, 2014 Jason Unger One of the most striking ways to illustrate cumulative impacts is by means of a digital image that shows how human structures accumulate on the land base over time. In some places, oil and gas wells are significant features on these maps…
Failure to address backlog of species-at-risk recovery strategies unlawful, court rules June 30, 2014 Charles J. Birchall Back in 2006, a number of nongovernmental organizations complained to the NAFTA environmental commission that Canada was failing to issue recovery strategies required by law for species at risk. In February 2014, the Federal Court ruled that…
Ontario's new (and complex) excess soil guide April 02, 2014 Alexandria Pike Construction involves excavation and that means soil that needs a new home. After all, you need to do something with that giant mound of earth that’s sitting there, covered in plastic tarps and taking up space. The answer is not always simple.