“On October 20, 2014, the Greenhouse Gas Industrial Reporting and Control Act (Bill 2) (hereinafter the Bill) was introduced, and on October 29, 2014, the Bill passed second reading in the British Columbia Legislative Assembly. The Bill, if enacted, would repeal the Greenhouse Gas Reduction (Cap and Trade) Act in its entirety as well as various elements of British Columbia’s other GHG specific legislation such that all GHG compliance obligations for liquefied natural gas (LNG) facilities and coal-fired electricity generation would fall within the regime contemplated by the Bill and any resulting regulations promulgated thereunder.”
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