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ARTICLE · 10 JANUARY 2011

Environment @ Gowlings: January 7, 2011 - Part 2

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The Final Order adding Bisphenol A to Schedule 1 to the Canadian Environmental Protection Act, 1999 was published in the Canada Gazette, Part II on October 13, 2010 Volume 144, No. 21, Page 1806.

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Edited by Harry Dahme

COMMENTARY

Analysis of CSA Staff Notice 51-333 Environmental Reporting Guidance
By Patricia Leeson

In the coming proxy season, public issuers and their counsel will be scrutinizing the recent publication by the Canadian Securities Administrators (CSA) of CSA Staff Notice 51-333 Environmental Reporting Guidance (CSA Notice).  Although the CSA Notice does not (and cannot) create new laws, it does breathe life into the existing continuous disclosure obligations of public issuers for environmental matters in their public filings.

Securities regulators state that the environmental reporting guidance responds to developments in the marketplace that recognize the effect of environmental matters on public issuers' performance and operations, changing environmental regimes domestically and internationally, and increased investor interest in environmental reporting.

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