ontario energy policy
Some of our practices include: The policies we develop for the energy sector can have a direct impact on households and small business owners throughout the province. In the wake of the 1979 Iranian Revolution, however, world prices increased by 150%and the federal government renounced its intention of ensuring eventual parity between domestic and world prices. The Minister of Energy, Northern Development and Mines also calls on us to implement special requirements – called directives – and to provide expert and impartial advice on important policy initiatives. Canadian energy policy entered a decade of unprecedented turmoil as a result of the fight between the western provinces and the federal government for control over growing energy revenues and over the issue of whether domestic oil and gas prices should track world levels. The bargaining can become acrimonious when the federal government and the producing provinces diverge in their views, as they did for most of the 1970s and early 1980s (Canada is perhaps unique in encompassing in a single country the interests that globally divide energy producers and consumers). The federal government's involvement in hydroelectricity, however, has historically been limited, partly because electricity-generating sources are more evenly distributed across the country and the interprovincial trade in electricity has therefore been on a smaller scale. The commission's recommendations resulted in the creation of the NATIONAL ENERGY BOARD (1959) to regulate the interprovincial pipelines and the interprovincial marketing of energy resources, and to advise the federal government on energy matters. We’re monitoring the system and holding your utility service provider to account. Energy policy comprises government measures concerned with the production, transportation and use of energy commodities. The 1984 election of a market-oriented Conservative government led to more dramatic changes as most of the NEP's interventionist policies - price controls, consumer subsidies, exploration incentives, production taxes and the 25% crown share on federal lands, or "back-in" - were gradually eliminated. Although this agreement put an end to the political conflict, it failed to bring stability in energy policy. Canada, like most industrialized countries, was unprepared for the consequences of the 4-fold increase in international oil prices and the partial oil embargo imposed by the Arab members of the Organization of Petroleum Exporting Countries (OPEC) in the wake of the 1973 Middle East war. Signing up enhances your TCE experience with the ability to save items to your personal reading list, and access the interactive map. New domestic sources of oil will be more expensive to find, will in some instances pose new environmental risks, and will often require the development of new technology. In Canada this wealth transfer had 2 significant dimensions: a large interregional transfer of wealth from Ontario and Québec (which together accounted for 58% of domestic oil consumption in 1980) to Alberta (which produced 86% of Canada's oil), and an international transfer of wealth from Canada to the US as a result of the high level of American ownership of the oil and gas industry (seeFOREIGN INVESTMENT). Glossary: Environment and Sustainable DevelopmentAn extensive glossary of terms related to environmental and sustainable development issues. The federal government was deeply involved in the development of NUCLEAR ENERGY, largely as a result of its expropriation in 1944 (for military reasons) of Canada's only (at the time) uranium mine. [7]. [4] Office of the Auditor General of Ontario, 2014 Annual Report (s. 3.11), 2014. This uneventful decade made the adjustment to the energy crisis of the early 1970s traumatic. On October 1, 2020, Bill 87 was proclaimed in force, amending the Ontario Energy Board Act, 1998. Learn how you can take part. The NOP remained the cornerstone of Canadian energy policy for the next decade. Following WWI, … The US has also represented an important source of investment capital and has consequently played a large role in the development of Canada's oil and gas resources. Available at: http://www.auditor.on.ca/en/content/annualreports/arreports/en14/311en14.pdf. Estimates put the cost of reducing a tonne of carbon through the government’s coal replacement policies as up to $300/tonne of carbon. The US has increased its coal consumption as well, and the expanded use of coal in both countries has contributed to environmental problems, particularly that of acid rain. Kenneth P. Green. The net cost of the FHP’s short-term rate reduction is $21 billion to electricity customers and another $69-to-$93 billion to provincial tax-payers over the term of the FHP. Today, every province except Alberta and PEI manages its own power utility. Although Canada appears to be generously endowed with major forms of ENERGY, eg, COAL, OIL AND NATURAL GAS, URANIUM and HYDROELECTRICITY, and although its production of certain fuels has occasionally exceeded domestic requirements, it has never been entirely self-sufficient in energy. As Ontario’s independent energy regulator, we develop policy that contributes to a sustainable and reliable energy sector and protects consumers. The Minister of Energy, Northern Development and Mines also calls on us to implement special requirements – called directives – and to provide expert and impartial advice on important policy initiatives. It aggravated inflation and strained the EQUALIZATION PAYMENTS system. According to a 2006 Natural Resources Canada report on legal and policy frameworks on energy in North America, Canada's federal system of government, jurisdiction over energy is divided between the federal and provincial and territorial governments. In December 1973, as part of its response to the "energy crisis," the federal government announced the creation of PETRO-CANADA - to boost oil and gas exploration in the North and offshore, to assist in the development of the tar sands (see BITUMEN) and to secure reliable oil imports. This left Canadian prices far below international ones and created difficult strains between Alberta and the federal government. Two important federal crown corporations have been involved in atomic energy: ATOMIC ENERGY OF CANADA LTD (AECL) and ELDORADO Nuclear Ltd. Although all 3 objectives were controversial to some degree, the third aroused the most debate because it raised the concerns of the producing provinces and the oil industry that "their" revenues would be reduced if the federal government increased its share.

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