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ARTICLE · 19 JUNE 2009

Draft Federal Greenhouse Gas Offset Rules Issued – Subject To Comment Until August 12, 2009

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Canada’s Environment Minister, Jim Prentice, recently announced that the government is moving forward with its offset credit system for greenhouse gases.

CanadaEnvironment
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Copyright 2009, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Environmental/CleanTech, June 2009

Canada's Environment Minister, Jim Prentice, recently announced that the government is moving forward with its offset credit system for greenhouse gases. Two draft guides were published in the Canada Gazette on June 12, 2009 to set out proposed rules and guidance for offset project proponents and for verification bodies, each of which is described in further detail below. The Environment Canada overview document describing the Offset System was also updated. The two draft guides are respectively entitled Program Rules and Guidance for Project Proponents and Program Rules for Verification and Guidance for Verification Bodies. To put these two guides in context, reference should be made to the April 16, 2009 report of the National Round Table on the Environment and the Economy.

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