Introduction
On June 21, 2018 the federal Greenhouse Gas Pollution
Pricing Act (the "GGPPA"),
published pursuant to Part 5 of the Budget Implementation Act
2018, received royal assent and established the federal
standard for a compliant carbon pricing regime. The purpose of the
GGPPA is to incentivize greenhouse gas emissions regulation broadly
throughout Canada, notably considering the different policy
initiatives in this regard across the country. The GGPPA will be
implemented in those provinces or territories that either request
the federal system or do not have a legislative scheme in place
which the federal government deems compliant with the federal
standard.
On October 23, 2018 the federal government released draft
regulatory proposals listing Ontario, New Brunswick, Manitoba, and
Saskatchewan as provinces that will be subject to the federal
system in 2019 and announced that Yukon and Nunavut would
voluntarily participate (collectively the "Listed
Provinces
