20 LEXPERT
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2017
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WWW.LEXPERT.CA
Harrison, QC, Elizabeth J. Farris, Vaughan,
Wills & Murphy LLP (604) 661-9367 eharrison@farris.com
Mrs. Harrison has extensive experience in corporate, M&A and securities
transactions in multiple industries, including energy. She represents corporations
and investment dealers. Her experience includes M&A, take-overs and related-
party transactions, and public and private financings.
Harricks, Paul H. Gowling WLG
(416) 369-7296 paul.harricks@gowlingwlg.com
Mr. Harricks leads Gowling WLG's Energy Sector Group. His transactional
practice embraces power generation (all types), transmission and distribution
and finance. He acts for Canadian and international corporations, funds,
governments and financial institutions. He is a director of the Association of
Power Producers of Ontario and Chair of the Energy Committee of the Toronto
Board of Trade.
Harbell, James W. Stikeman Elliott LLP
(416) 869-5690 jharbell@stikeman.com
Mr. Harbell is a partner in the Toronto office and head of the Project
Development & Finance Group, former head of the Real Estate and Energy
Groups and a certified Specialist in Environmental Law. His practice focuses
on electricity, infrastructure and real estate, M&A transactions, municipal and
land use development, project finance and procurement for electricity, gas and
government entities.
Gropper, QC, Mitchell H. Farris, Vaughan,
Wills & Murphy LLP (604) 661-9322 mgropper@farris.com
Mr. Gropper's practice focuses on corporate finance, reorganizations, M&A and
commercial real estate. He has advised boards of directors on take-over bids,
going-private transactions and other corporate matters.
Grenier, Pierre Dentons Canada LLP
(514) 878-8856 pierre.grenier@dentons.com
Mr. Grenier focuses on corporate & commercial matters and on the construction,
energy & real estate sectors. His experience includes regulatory regimes in the
energy sector, construction claims, contractual arrangements
and manufacturer's liability.
Green, Bram J. Goodmans LLP
(416) 597-4153 bgreen@goodmans.ca
Mr. Green's real estate practice extends to all aspects of domestic and
international utility scale solar and wind power renewable energy generation
projects. He has acted for Recurrent Energy in its development of utility-scale
solar projects in Ontario.
LEXPERT-RANKED LAWYERS
of national interest. If the answer was yes, then there
would be an additional two-year environmental and
more technical review aer that. So, essentially, there's
a recognition that because these are such huge invest-
ments in these projects, there should be a more upfront
loaded process."
While regulatory delays, stakeholder challenges and
national, federal and international governments (i.e.,
those in the US) can make it difficult to get a pipeline
project approved, the bottom-line issue for developers
to consider, says Nettleton, is economics. "When crude
was $100 a barrel, the price was so high it was sensible
to develop more [pipelines]," he says. "But the question
now is, in a $40- to $50-a-barrel oil market, do the eco-
nomics justify the type of expansion when crude was
$100? I think the short answer to that is no. Today,
[the industry] is more like a manufacturing operation
than a conventional oil and gas system. e incredible
investments required in oil sands developments means
the only opportunity to even earn back marginal costs
means you still must produce, and produce at a subpar
or price-challenged level."
e need for pipelines, however, has not, and likely
will not, decrease. "Canada will need more pipelines
built through to 2030 to transport an additional 1.3
"There is no doubt the evidence
demonstrates that pipelines are a very
safe mode of transportation, especially
compared to trains or tanker trucks. …
[Nevertheless] it's a field of landmines
in terms of the various traps pipeline
developers have to negotiate their way
through to get projects off the ground."
- Fred Erickson,
Stikeman Elliott LLP
PHOTO:
SHUTTERSTOCK
