Cap And Trade Primer On NS Emissions

In October 2017, Nova Scotia amended the Environment Act (Nova Scotia) allowing the province to implement a cap and trade program. With the program's regulations now coming into effect, the impact of this program will be felt intensely within the Nova Scotia business community and in particular the energy sector. Companies must now report their greenhouse gas ("GHGs") emissions, have them verified by a third party, and participate in the province's cap and trade program

Companies affected include:

• Facilities that generate 50,000 tonnes, or more, of GHG emissions per year from one or more specified activities;
• Petroleum product suppliers that place or produce 200 litres, or more, of fuel per year for consumption in the Nova Scotia market;