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Northey, Rodney V. Gowling WLG
(416) 369-6666 rodney.northey@gowlingwlg.com
Mr. Northey is a Certified Specialist in Environmental Law. His practice fo-
cuses on regulatory approvals and strategies across the full range of approval
regimes involving the environment. Active in traditional & green energy proj-
ects, He is author of an annual guide on federal environmental assessment
for project developers in the energy, resource and transportation sectors.
Nixon, Christopher W. Stikeman Elliott LLP
(403) 266-9017 cnixon@stikeman.com
Mr. Nixon is a partner in the Securities Group and head of Stikeman Elliott's
national China Coverage Group. His practice focuses on business law, with an
emphasis on cross-border and domestic mergers & acquisitions, corporate
finance, joint ventures, private equity, corporate and trust reorganizations
and corporate governance.
Nigro, Mario Stikeman Elliott LLP
(416) 869-6810 mnigro@stikeman.com
Mr. Nigro is a partner in the Mergers & Acquisitions and Private Equity &
Venture Capital Groups. His practice focuses on business law, including
acquisitions, dispositions and reorganizations. He also practises in the area
of energy law and has experience working with clients involved in the Ontario
electricity marketplace including in respect of renewable energy.
Nawata, Denise Farris, Vaughan, Wills & Murphy LLP
(604) 661-1746 dnawata@farris.com
Ms. Nawata is a partner in Farris LLP's Securities and Corporate Finance,
M&A and Mining & Energy practice groups. She has experience on transac-
tions including debt and equity financings, and mergers. She also focuses on
advising issuers with respect to securities reporting, compliance and dis-
closure obligations, and advising clients on mining title matters and project
permitting issues.
Munro, Shawn M. Bennett Jones LLP
(403) 298-3481 munros@bennettjones.com
Mr. Munro assists clients in obtaining regulatory approval of energy develop-
ments, including major oil, gas and power projects. He is national co-chair of
Bennett Jones' Environmental Practice Group and past chair of its Aboriginal
Practice Group.
Morillon, Chantal Norton Rose Fulbright Canada LLP
(418) 640-5160 chantal.morillon@nortonrosefulbright.com
Ms. Morillon practises principally in the areas of bank financing and real
estate law. She also advises a number of businesses on commercial law
matters. She has acted for clients in various domestic and cross-border
financings in a variety of sectors, including manufacturing, natural resources
(including mining), renewable energy and commercial construction.
LEXPERT-RANKED LAWYERS
that were raised though joint auctions.
Keeping up with the complexities of the vari-
ous initiatives across the country and in the US
— and bear in mind that all the governments
had existing plans to combat emissions prior
to the announcement of the federal framework
— is a critical service Kro says he brings to
his clients: "At Stikeman Elliott, we oen find
ourselves having to understand the cost and
opportunities to businesses presented by the
difference carbon pricing and cap and trade re-
gimes that apply, and oen involve cross-border
or cross-jurisdictional issues."
Clients involved in large projects that take
time to develop, construct, implement and run,
says Kro, "require some consideration of what
the rules are now, what they might be 20 years in
the future and what they are in relevant jurisdic-
tions. Because, increasingly, carbon and the cost
of carbon will be a component of whether your
project is feasible, profitable and whether it can be
completed on time and on budget."
Clients ask a range of questions, he says, that
are largely centered around one primary concern:
do I have a carbon liability or carbon asset? If a
liability, how do I satisfy it and factor it into the
diligence, viability or financeability of my proj-
ect? If an asset, how do I monetize it and what are
the constraints, opportunities or limits on trans-
fer and trade?
While it has been argued that a carbon tax is
economically more efficient than cap and trade,
"some jurisdictions find the political implications
of a taxation system unacceptable and prefer cap
and trade because it is market-based," says Paul
Manning, the principal of Manning Environ-
mental Law in Toronto. "Cap and trade allows
regulated parties, such as the large final emitters,
to spread the pain of implementing emissions re-
ductions through the ability to buy and sell emis-
sions credits."
In Atlantic Canada, the Nova Scotia govern-
ment says it plans to implement a cap and trade
system, while New Brunswick has indicated
"At Stikeman Elliott, we often
find ourselves having
to understand the cost
and opportunities to businesses
presented by the difference
carbon pricing and cap
and trade regimes that apply,
and often involve cross-border
or cross-jurisdictional issues."
- JASON KROFT, STIKEMAN ELLIOTT LLP
