As stated, for the purposes of regulations under the EDA, the Minister of International Trade and the Minister of Finance are the relevant authorities as they are the decision-makers with the delegated authority to recommend regulations under this statute.50 Once the regulations are drafted, the Treasury Board reviews and approves the draft regulations for publication.51 This approved draft is pub. [...] Creating Glasgow-Related Regulations under the Export Development Act As previously explained, subsection 10(6) of the EDA empowers the Governor in Council, on the recommendation of the Minister of International Trade and the Minister of Finance, to make regulations governing certain EDC activities.60 Thus, the recommendation must come from both ministers, and the decision is ultimately that of th. [...] Also of note, the model regulations adopt the language of subsection 10(6) of the EDA to define the scope of “direct support.” As explained previously, it is necessary to refer to this section of the EDA in this regard because it informs the scope of Cabinet’s power to enact regulations with respect to EDC. [...] These regulations require the Corporation to align its activities with the goals of the Glasgow Statement, which calls on governments and public finance institutions to end direct public support for the international unabated fossil fuel energy sector by the end of 2022, except in limited and clearly defined circumstances that are consistent with the 1.5°C warming limit and the goals of the Paris. [...] (5) The report must be published in a manner that can be reasonably expected to bring the report to the attention of the public by making it easily accessible on the website of the Corporation and by ensuring that it can be viewed free of charge and without restriction of any kind.122 (6) If the Minister determines that the report will not be published by the date referred to in subsection 8(1), o.
Authors
- Pages
- 31
- Published in
- Canada
Table of Contents
- I. Introduction 4
- II. The Government of Canada’s Glasgow Commitments 7
- Canada’s Glasgow Statements 7
- Canada’s Glasgow Guidelines: An Overview 7
- EDC’s Initial Response to the Guidelines 9
- III. Rationale for the Codification of the Guidelines through an EDC Regulation 10
- Comprehensive vs Focused Law Reform Strategies 10
- EDA Statutory Amendments vs Regulations 11
- IV. The Process for Creating EDC-Related Regulations 12
- The Process of Drafting a Federal Regulation 12
- Creating a Regulatory Impact Analysis Statement 13
- Creating Glasgow-Related Regulations under the Export Development Act 14
- V. Explanatory Notes for the Model EDC Glasgow Regulations 15
- Methodology 15
- Domestic Applications 15
- Non-Financial Support in the Guidelines 16
- Advocacy Support 16
- Technical Assistance Support 16
- Definitions and Sources in the Model Regulation 16
- Reporting on Exempted Projects 19
- VI. Applying the Model Regulation to other Crown Corporations 20
- Canada Development Investment Corporation 20
- Business Development Bank of Canada 21
- Sustainable Development Technology CANADA 22
- Recommendations 22
- Appendix: Model Glasgow Regulation for EDC 24
