Lexpert Special Editions

Special Edition on Energy 2017

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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26 LEXPERT | 2017 | WWW.LEXPERT.CA Lewis, Gregory D. Norton Rose Fulbright Canada LLP (604) 641-4923 greg.lewis@nortonrosefulbright.com Mr. Lewis, who is the leader of the firm's Canadian infrastructure practice, focuses on commercial transactions and financings in energy, infrastructure and other sectors. His experience includes hydro, co-generation and LNG projects and public-private partnerships. Leduc, Dan J. Norton Rose Fulbright Canada LLP (613) 780-1536 dan.leduc@nortonrosefulbright.com Mr. Leduc practises primarily construction law and dispute resolution. He is frequently called upon to advise and represent owners, subcontractors, suppliers and builders in such front-end services as contract review, tender issues and general construction matters, as well as in litigation and arbitration. Langlois, Martin R. Stikeman Elliott LLP (416) 869-5672 mlanglois@stikeman.com Mr. Langlois is a partner practising corporate and securities law, and a former Co-Head of the M&A and Private Equity Groups. He focuses on domestic and cross-border M&A, securities and corporate finance transactions, corporate governance and other commercial matters. He has experience in a range of industries including technology, fintech, life sciences, financial services, mining and renewable energy. Labeau, Pierre-Christian Norton Rose Fulbright Canada LLP (418) 640-5008 pierre-christian.labeau@nortonrosefulbright.com Mr. Labeau has vast experience in the areas of native, constitutional and administrative law, having spent almost 20 years in the service of the Government of Quebec. Mr. Labeau also advises clients across Canada concerning legal and strategic issues related to mining, forestry and energy development, including the negotiation of numerous IBAs and the duty to consult. 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 (for exploration and production companies as well as oilfield services companies), mining, renewable power and other sectors. Clients include companies, partnerships and underwriting syndicates as well as foreign investors. Kroft, Jason Stikeman Elliott LLP (416) 869-5534 jkroft@stikeman.com Mr. Kroft is a corporate/commercial law partner practising a broad range of advisory and transactional matters in the corporate commercial law area with a focus on finance (including project finance), energy, commodity and mining products. He is a member of the firm's Structured Products and Financial Services, Energy, Mining, Emissions Trading and Climate Change, and Banking Groups. LEXPERT-RANKED LAWYERS His conclusion for what's behind the exodus of com- panies such as Apache and ConocoPhillips? Where once there was significant international interest in in- vesting in and developing Canada's fossil fuel reserves from about 2002 to 2010, says Jenkins, "that has cooled quite dramatically. ere's a whole range of reasons for that. e most important, obviously, is the internation- al price of oil." Compound that with "eye-catching" levels of capital expenditures that must be locked in on a long-term basis, where you need certainty about so- cial and government consensus, and, Jenkins adds, "I do think the whole regulatory regime has contributed significantly to the loss in appetite for oil sands projects by non-Canadian companies." But could the Canadian oil and gas industry even- tually recover despite, or perhaps because of, our more rigorous environmental regulations matrix governing energy production? While Miles Pittman, a partner in Borden Ladner Gervais LLP's energy law practice group in Calgary, says there is evidence the Trump ad- ministration is more business-friendly to oil and gas, Canada just "needs to get out of its own way a bit" to compete. Canada needs "a process where timelines are more identifiable and the results are predictable. In the circumstances where there is uncertainty about such things, it is difficult for investors to look at this environ- ment and say, yes, I will make an investment." To that end, the Supreme Court of Canada's latest landmark rulings on the Crown's duty to consult In- digenous communities on energy resource projects — the aforementioned Clyde River along with Chippewas of the ames First Nation v. Enbridge Pipelines, 2017 SCC 41 — have been helpful, says Pittman. On July 26, the SCC blocked seismic testing for off-shore oil and gas in Baffin Bay near Clyde River, Nunavut, ruling that the local Inuit community had not been properly consulted when the National Energy Board approved the testing by a Norwegian consortium. At the same time, however, the court outlined why it found that Enbridge had properly consulted with the Chippewa of the ames reserve near London, Ontario, when it ap- plied to reverse the flow of crude in its Line 9 pipeline. "My view," says Pittman "is that the Supreme Court of Canada decisions are very helpful to project develop- ers." He says if the Crown's duty to consult is performed in a "robust way before approval" then the chances of project success are increased as a result of the court's decisions. "I think that's welcome certainty. e cases provide a road map on how to satisfy the duty." Another factor that might eventually favour Cana- dian oil and gas production and competitiveness over the United States, suggests Lisa DeMarco, could be the vacuum created by President Trump's lack policy around climate change. When he announced on June 1 that the US would pull out of the Paris climate agree- ment, there was an international backlash — some of that even coming from American oil companies (159 countries of the 197 that signed the accord in 2016 have so far ratified it).

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