Opening Session: Bacon & Regs’

  • 2019 Business Conference Program
  • May 29, 2019
  • 7:30 am - 8:30 am

Join us for a hot breakfast of bacon and eggs and hear from three great speakers on the latest regulations and incentives for working in the Province of Saskatchewan.

Presentation #1: Saskatchewan’s Methane Action Plan, Cullen Stewart, Executive Director of Energy Policy in the Resource Development Division of the Saskatchewan Ministry of Energy and Resources

In January 2019, the Government of Saskatchewan released the Methane Action Plan (MAP), a comprehensive approach to reduce venting and flaring reduce GHG emissions in the upstream oil and gas sector that combines flexible outcome-based regulations with 10 new complementary programs and policies to protect industrial competitiveness and limit carbon leakage risks.  MAP will reduce emissions from venting and flaring in the province’s upstream oil and gas sector by 4.5 million tonnes CO2e annually by 2025, a 45% reduction from 2015 levels.  Between 2020-2030, Saskatchewan will reduce emissions from venting and flaring by a minimum of 38.2 million tonnes CO2e.  The presentation will provide an overview of the regulatory framework and 10 new complementary programs and policies contained in MAP.

Presentation #2: Carbon Markets vs. Carbon Tax, Cooper Robinson, Managing Director – Cap-Op Energy

Social trends and pressures are pushing governments and corporations around the world to be cleaner and greener. Corporations are responding by developing sustainable supply chains and taking action to reduce greenhouse gas emissions. Governments are responding by putting a price on greenhouse gas emissions using a tax (IE a carbon tax) or an environmental market. Unfortunately the political rhetoric in Canada about pricing carbon is rife with misinformation and is causing confusion. The result is more uncertainty for industries that are facing a price on GHG emissions. Listen to Alastair and learn about the difference between and carbon tax and a carbon market and find out how carbon markets can generate new revenue streams instead of being burdensome cost.

Presentation #3: Prairie Resilience Climate Change Strategy, David Stevenson

The Government of Saskatchewan released its overarching Prairie Resilience climate change strategy in December 2017, which outlined multiple commitments across five areas designed to make Saskatchewan more resilient to the climatic, economic and policy impacts of climate change. As part of the Prairie Resilience strategy, government has developed output-based performance standards that apply to more than 40 Saskatchewan industrial facilities. Since the release of Prairie Resilience there has been significant development of legislation and regulation related to the management of greenhouse gas emissions in Saskatchewan. David will present an update of the implementation of regulatory commitments made in Prairie Resilience with a focus on how new requirements will impact the oil and gas sector in Saskatchewan.