Lexpert Special Editions

Special Edition on Energy 2016

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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20 LEXPERT | 2016 | WWW.LEXPERT.CA Hudec, Albert J. Farris, Vaughan, Wills & Murphy LLP (604) 661-9356 ahudec@farris.com Mr. Hudec's energy law practice focuses on legal issues relating to the BC LNG liquefaction and associated upstream and natural gas pipeline industries, wind power and run-of-river hydro projects and alternative energy technologies; including acquisitions, financing, contracting, regulatory and Aboriginal issues. He is an experienced practitioner with a depth of understanding on energy law issues. Howie, Kent D. Borden Ladner Gervais LLP (403) 232-9535 khowie@blg.com Mr. Howie counsels a broad range of oil & gas and electricity clients on LNG projects, oil & gas projects, including offshore oil projects, pipeline projects, and large hydro, natural gas and renewable energy projects involving joint ventures with First Nations. Herman, Michael Gowling WLG (416) 369-7281 michael.herman@gowlingwlg.com Mr. Herman is an M&A partner and strategic advisor. He acts for a wide range of clients, including entrepreneurial, privately held companies and mid- market investment and financial institutions. Herbst, Ludmila B. Farris, Vaughan, Wills & Murphy LLP (604) 661-1722 lherbst@farris.com Ms. Herbst is a litigator whose practice focuses on commercial, regulatory and constitutional cases. She represents clients before all levels of court, arbitrators and tribunals such as the BC Utilities Commission. She has been counsel on matters related to rate design, revenue requirements, project development, power supply, capital expenditures and many other energy- related matters. Henderson, Philip J. Stikeman Elliott LLP (416) 869-5691 phenderson@stikeman.com Mr. Henderson's practice focuses primarily on corporate finance, capital markets, M&A and securities law matters. He is co-head of the firm's Financial Products & Services Group and advises clients on complex corporate and securities law matters in a variety of sectors including financial institutions, energy, investment funds, structured products and derivatives. Heard, Joel A. Osler, Hoskin & Harcourt LLP (416) 862-6847 jheard@osler.com Mr. Heard's practice focuses on construction law in relation to energy, infrastructure and other large capital projects. He advises clients on contract documentation, risk identification and mitigation, project structuring, procurement, operations and maintenance, financing and project execution issues. LEXPERT-RANKED LAWYERS lines would be subject to the new interim-review pro- cess, which includes consultations with affected com- munities and indigenous groups on issues outside the National Energy Board's jurisdiction. e new review kicks in aer the NEB report is complete, and includes a separate review of the "direct and upstream greenhouse gas emissions linked to the projects." It must be com- pleted before the project can be approved by Cabinet. "I think the effects of both that and the First Nations stuff mean that we're facing longer and more complicat- ed approval paths for new projects. On top of all that, we have the commodity-price situation, which is not good," says Donald Greenfield, an energy practitioner at Ben- nett Jones LLP in Calgary. "Ultimately, what this boils down to is economics, and right now LNG imported into Japan is not fetching enough money to pay for proj- ects in Western Canada." He expects that will change when commodity prices turn up again. e Liberal gov- ernment is pinning its expectations on a different horse. It plans to try to shi Canada away from a resource- based economy to one that embraces knowledge-based areas like high-tech, but that's not going to happen over- night, nor is the need for fossil fuels. If Ottawa really wants to get Canada's landlocked oil and gas to refineries and ports, Greenfield says it is really going to have to "step up" and bring the national posi- tion to bear on these projects, making the case for how important they are to the economy. "People say they don't want pipelines in their backyards but they're obvi- ously a safer way to transport oil than by rail." Provincial governments are also key, he adds. Ottawa could push for more cooperation on individual projects because, as things stand now, energy companies are see- ing a maddening increase in federal-provincial regula- tory duplication. In January, for example, a BC court held in Coastal First Nations v. British Columbia that the province had to do its own environmental assessment and consult First Nations on the Northern Gateway Project instead of deferring to the federal environmental assessment and consultation processes — which had - Erik Richer La Flèche, Stikeman Elliott LLP "Today, it has become easier to do a project in an emerging market than to do a complex project in Canada. The regulatory risk — and I'm talking about the pipelines, the transmission lines — across borders is quite great."

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