Lexpert Special Editions

Special Edition on Energy -Nov 2015

The Lexpert Special Editions profiles selected Lexpert-ranked lawyers whose focus is in Corporate, Infrastructure, Energy and Litigation law and relevant practices. It also includes feature articles on legal aspects of Canadian business issues.

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Kruse, David Blake, Cassels & Graydon LLP (416) 863-2467 david.kruse@blakes.com Mr. Kruse practises M&A, private equity and corporate law. He provides strategic advice on regulated trans- actions and effectively completing complex down- stream energy deals. He also advises foreign investors on their Canadian operations. Labeau, Pierre-Christian Norton Rose Fulbright Canada LLP (418) 640-5008 pierre-christian.labeau@ nortonrosefulbright.com Mr. Labeau practises Na- tive, constitutional and administrative law. He advises governments, public agencies, corporations, banks and other clients on issues related to energy, mining and forestry development, including IBAs and the duty to consult. Lalji, Amyn F. Miller omson LLP (604) 643-1201 alalji@millerthomson.com Mr. Lalji has represented First Nations in negotiations with industry in relation to some of Canada's largest mining projects. He has also acted for First Nations busi- nesses in negotiating major procurement deals for large mining projects. Kufeldt, Kent D. Borden Ladner Gervais LLP (604) 640-4195 kkufeldt@blg.com Mr. Kufeldt's corporate and securities practice covers equity and debt financings, reorganizations and M&A transactions in oil & gas, min- ing, renewable power and other sectors. Clients include companies, partnerships and underwriting syndicates. Laffin, QC, Michael J. Blake, Cassels & Graydon LLP (403) 260-9692 michael.laffin@blakes.com Mr. Laffin provides corpor- ate and energy advice to Canadian and international oil & gas companies, and has extensive experience negotiating, structuring and advising on all aspects of conventional and uncon- ventional oil & gas, and LNG matters. Langlois, Martin R. Stikeman Elliott LLP (416) 869-5672 mlanglois@stikeman.com Mr. Langlois is co-head of the M&A and Private Equity Practice Group in Toronto. His practice focuses on M&A, securities and cor- porate governance matters in various industries including technology, life sciences, financial services and energy. 28 | ENVIRONMENTAL REGULATION LEXPERT ® RANKED LAWYERS In MacWilliam's home province of Alberta, "the new NDP government an- nounced changes to the existing Green- house Gas (GHG) regulatory scheme, the first in North America, to increase the cost of credits and increase the rate at which large emitters of GHG will be required to reduce the intensity levels of their emis- sions," he says. Yet he suggests "what's more critical is the Alberta government's creation of a review panel to advise it on the development of a comprehensive climate change plan for Al- berta with hopes to have a preliminary pro- posal ready to announce prior to the next United Nations Climate Change meeting in Paris in December. is proposal, and the legislation that will need to follow, will have the potential to significantly impact on the energy sector in Alberta, but also likely will have ripple effects outside of the province in other parts of the country." While there will be potential negative im- pacts to energy companies, he says, "primar- ily in the costs of compliance, if you couple that with low oil and gas prices there's the potential for it to be a double-whammy." But MacWilliam also sees enormous op- portunity for energy companies to develop and benefit from new emerging technolo- gies aimed at reducing GHG emissions that could not only be utilized domestically, but exported globally. Jean Piette, senior partner at Norton Rose Fulbright Canada LLP in Québec City and chair of the firm's environmental law team, has been working in the environ- mental field for 43 years, first as a regulator developing government policy and later "moving to [the] private practice side to see the other side of the coin as to the reality of the private sector living with new envi- ronmental policies and regulatory regimes." Piette says he's seen a significant shi in the paradigms of economic development since he started his practice with govern- ment. Business has come to recognize that change is an inescapable reality, and that includes, today, facing environmental and climate change concerns. As Québec continues to develop its new energy policy, "which has to take into ac- count the cap and trade system that has been in place for several years, the govern- ment is calling upon all actors in society to directly express their opinions and concerns with respect to energy," he says. "e fight against climate change is a cost that will have to be borne by society if we want to deal effectively with this issue." For Canadian companies, he continues, "one of the new realities is that carbon will have a price attached to it, it's no lon- ger going to be free; Europe is living with this, with a European-wide cap and trade system; China is establishing cap and trade systems in various parts of the country, so what we're seeing is a global movement in this direction and this will be accentuated, "Although it's been almost 20 years since Kyoto, for the first time in Canada there's real developments in terms of climate change and greenhouse gas regulations that are either directly impacting the energy sector in Canada or will be in the very near future." – Alex MacWilliam, Dentons Canada LLP

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