Torys LLP
Toronto416.865.0040 New York212.880.6000 Calgary403.776.3700 Montréal514.868.5600
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Practice Areas and Industry Groups

Climate Change and Emissions Trading 

Torys is a partner in Greening Greater Toronto, a Toronto City Summit Alliance initiative to address the city’s environmental problems and improve its performance to ultimately make Toronto the greenest city in North America.

Climate change is now at the forefront of the global public policy debate and central to many boardroom discussions. Businesses are being presented with new challenges and opportunities associated with climate change, especially as they become subject to climate change–related laws in various jurisdictions, including laws designed to mitigate greenhouse gas (GHG) emissions. Virtually every legal regime and industry is being affected.

Torys’ cross-border Climate Change and Emissions Trading Practice brings exceptional business law expertise to the many challenges and opportunities in this complex, multifaceted field. Our interdisciplinary group draws from our depth of top-ranked expertise in a variety of fields, including

  • energy and renewable energy
  • oil and gas
  • clean technology
  • greenhouse gas (GHG) regulation
  • environment
  • emissions trading
  • carbon finance
  • governance and disclosure
  • corporate finance and managed assets
  • mergers and acquisitions
  • project and leveraged finance
  • commercial lending
  • derivatives and structured products
  • real estate
  • infrastructure
  • taxation
  • litigation and dispute resolution

 

We have recently represented

  • a potential acquiror of an oil sands company investment in analyzing the company's climate regulatory impact assessments
  • Greening Greater Toronto in the formation of the Greening Canada Fund LP, Canada's first-ever voluntary carbon offset investment fund
  • an international acquiror of NOVA Chemicals in an assessment of current requirements in Alberta affecting the target and the potential impact and risks associated with future requirements under various federal, provincial and state scenarios, including under Canada’s proposed federal framework and WCI, and in the allocation of risks associated with these potential impacts in the acquisition agreement
  • major pulp and paper and industrial gas companies in their compliance with greenhouse gas regulations and negotiation of contractual greenhouse gas–management obligations
  • a North American chemical manufacturer concerning eligibility for the Federal Credit for Early Action program
  • a Canadian green energy trade association in its response to the proposed Ontario cap-and-trade system
  • a Canadian industry association on its members’ GHG emissions reporting requirements
  • a North American automotive manufacturer on climate-related litigation risk
  • a major Canadian financial institution in the development of its carbon finance and trading program
  • Toronto City Summit Alliance and its partner organizations in the development of the Greening Canada Fund, a fund that will allow corporations to offset GHG emissions by funding non-profit, public sector and other projects to reduce greenhouse gases
  • an Alberta-based subsidiary of a global company in one of the largest compliance-based emissions trades in Canada to date (under the intensity-based cap-and-trade regime in Alberta)
  • Ontario Power Generation in the development of the 550 MW CCGT Portlands Energy Centre in Toronto
  • National Round Table on the Environment and the Economy’s regulatory and legal issues concerning adaptation to climate change in northern Canada

Publications

Update
Environmental, Health and Safety Bulletin | Dennis E. Mahony, Michael J. Fortier, Tyson Dyck, Jeff Gracer (Partner at Sive, Paget & Riesel, New York)
August 28, 2013

Update - June 25, 2013
Environmental, Health and Safety Bulletin | Dennis E. Mahony, Michael J. Fortier, Tyson Dyck, Jeff Gracer (Partner at Sive, Paget & Riesel, New York)
June 25, 2013

Update - June 5, 2013
Environmental, Health and Safety Bulletin | Dennis E. Mahony, Michael J. Fortier, Tyson Dyck, Jeff Gracer (Partner at Sive, Paget & Riesel, New York)
June 5, 2013


Primary Contacts

Toronto

Patricia Koval, Partner
416.865.7356 
Dennis Mahony, Partner
416.865.8214 
News and Recognitions
Related Areas and Groups