Written by Mohammad Ali Raza, Michael M. Gallagher and Miguel deMello. The passage of Bill C-49 and amendments to Nova Scotia’s Accord Acts signal a significant opportunity for offshore wind energy investment in the province. As Nova Scotia strives to establish itself as a global leader in offshore wind, understanding how artificial intelligence (AI) can optimize operations […]
Nova Scotia’s offshore renewable energy sector should benefit from new legislation designed to fast-track developments and to create opportunities for smaller scale, innovative technologies. The Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act (Nova Scotia) and the Marine Renewable Energy Act (Nova Scotia) are being amended to streamline regulatory processes in the expectation that faster […]
The Governments of Canada and Newfoundland and Labrador have announced the most significant amendments to the Atlantic Accord legislation since 1987, introducing new regulatory powers over offshore renewable projects and changing elements of the regulation of offshore petroleum interests, that may have long term implications for the industry. Bill C-49 In late May, Canada announced […]
Nova Scotia’s Sustainable Development Goals Act (the “SDGA”), passed in 2019, sets out the province’s renewable energy (“RE”) targets, including the reduction of greenhouse gas emissions by at least 53% below 2005 levels by 2030 and net zero emissions by 2050. And, following on the federal government commitment to source 100% renewable electricity for federal […]
A piece of United States federal legislation may provide Nova Scotia’s ports with inadvertent economic benefits. The Jones Act is a piece of protectionist legislation that was enacted by the United States Congress following the First World War. Its purpose is to stimulate the shipping industry in the United States, protect American jobs, and to […]
Long thought to be unreliable due to inconsistent output, renewable wind energy is now primed for growth in Atlantic Canada and Nova Scotia could play a leading role. Advancements in energy storage, load smoothing/shaping, and electrical grid capacity have lessened concerns over energy shortfalls and grid overload stemming from discrete weather events. The result is […]
Federal legislation designed to achieve net-zero greenhouse gas emissions by 2050 will be felt strongly in Nova Scotia. In the event the Bill is passed (it is currently in its second reading) it will further impact Nova Scotian emitters already subject to strict emission, monitoring and reporting standards. The proposed new legislation should surprise nobody. […]
Corporate Structure Consider the best ownership structure for you and your partners. Below are several options for how to set up your business and the advantages and disadvantages associated with each, taking into account factors such as personal liability and income tax implications. Sole Proprietorship One individual is the sole owner of the business. Advantages: […]
It’s exciting when your business grows beyond the family basement (or your dining room table) and is ready to take up commercial space of its own. Leasing space, whether a storefront or an office, is a sign of business legitimacy, sustainability, and growth. Like any contract, a commercial lease sets out the terms that the […]
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 […]