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Updates to BC's Cap-and-Trade Act, first introduced in 2008, were recently introduced to the BC Legislative Assembly. The amendments further clarify existing statutory power to enable implementation of details of the cap-and-trade program that BC has been developing in collaboration with its WCI partners. A vote is expected prior to the adjournment of the legislative session in the first week of June and will be followed by intentions papers to consult on proposed regulations.
BC's new Clean Energy Act was introduced on April 28. The legislation would enable BC Hydro, the provincially-owned crown corporation, to aggregate clean and renewable energy and offer customers outside BC the opportunity to secure long-term agreements for clean power at competitive prices to assist them in meeting their climate action and renewable energy objectives. |
