NOVA Chemicals Corporation
Registration:
36
of
78
(2016-04-26
to
2016-06-09)
Legislative Proposal, Bill or Resolution, Policies or Program, Regulation
- Pipelines – federal oversight of pipelines through Canada and the handling of natural gas liquids (NGLs).
Legislative Proposal, Bill or Resolution, Regulation
- Canada Transportation Act – NOVA Chemicals remains vigilant of provisions in the Transportation Act ensuring reliability and stability of rail service servicing NOVA Chemicals’ ethylene/polyethylene facilities, and co-products such as butane and propylene.
- Possible legislation to be introduced dealing with climate change; Regulatory Framework for Air Emissions – proposed changes to the Clean Air Act and the Canadian Environmental Protection Act (CEPA) regarding the impact of federal legislation on climate change and the competitiveness of the petrochemicals sector.
- Pursue eligibility of planned projects under the Technology Fund provision (precertification) of the Regulatory Framework for Air Emissions.
Policies or Program
- Canada's policies governing GHGs and other emissions as it relates to petrochemical/chemistry facilities.
Canada’s policies to incent more private sector investment in research and development to combat climate change. Overall investment climate for petrochemicals in Canada versus competing jurisdictions.
- Immigration - measures or provisions of interest would be in reference to VISA applications.
- NOVA Chemicals will be seeking proactive federal policy that recognizes the importance of value-add in the energy supply chain and accruing maximum benefits from energy resources and projects for the benefit of Canadians.
- Rail Transportation - to mitigate the risks of reliability to rail service which is an important mode of product shipment, due to strikes or other similar events.
- Tax Policy – we continue to pursue accelerated Capital Cost Allowance (CCA) to strengthen the viability of capital projects (eg. writing off / depreciation of existing assets).
- The federal government’s approach to value-add in the energy sector, and ways this may impact the export of energy products to foreign markets.
Policies or Program, Regulation
- Potential NEB regulation of former NGTL, and consideration of how NGLs will be handled, and streaming of lean gas.
Regulation
- Continue to engage the Government of Canada re: forthcoming regulations governing Green House Gas (GHG) emissions, and air emissions other than GHG in the longer-term.