On the second day of the Carbon Pricing for Canadian Industry held in Toronto April 25 & 26th, ClearBlue Markets held a corporate workshop for industrial entities regulated under the Output-Based Pricing System (OBPS) stream of the Federal Backstop. The workshop provided industry with a deeper understanding of compliance options and strategies under the Federal Backstop.
Some of the key topics discussed included:
Carbon Pricing across Canada
Overview of the two Federal Backstop streams ( Fuel Charge and OBPS
How does this system differ from Cap & Trade and the Ontario government’s proposed Emissions Performance Standards (EPS) program?
Benchmark and EITE assessments
OBPS voluntary opt –in and future development of new OBS
OBPS registration overview
What can industry do today to reduce costs and exposure?
Routes to compliance and routes to market
Supply & Demand, Pricing
What funding opportunities can OBPS facilities expect?
Position management and new reporting requirements
CRA reporting requirement
Accounting and finance considerations
Internal controls and governance
Impact of political uncertainty in position management