Energy @ Gowlings – April 2007

Edited by Paul Harricks

• 2007 Federal Budget - Non-Tax

• 2007 Federal Budget - Tax

• 2007 Ontario Budget - Non-Tax

• 2007 Ontario Budget - Tax

• IESO - The Ontario Reliability Outlook 2007

• Gowlings Lawyer Recognized for Solar Initiative

2007 FEDERAL BUDGET - NON-TAX

Compared to recent years the 2007 federal budget contained little, for the energy sector. In it, the government noted that the environment, economy and energy are inextricably linked. The following are the highlights of the federal budget:

• The government will be setting short-term targets for the reduction in greenhouse gas emissions and air pollutants from key industrial sectors. The government has also committed to establish medium and long-term targets for additional reductions. In the long term, the government has established the goal of reducing greenhouse gas emissions by 45 to 65 % from 2003 levels by 2050;