As part of the senior review, Dr. Rakesh Singh conducted a detailed assessment of the regulatory implications for a multinational company operating in Ontario, focusing on compliance with the Climate Change Mitigation and Low-Carbon Economy Act, 2016 (Bill 172). This legislation is central to Ontario’s greenhouse gas (GHG) regulations aimed at reducing climate change impacts.
Dr. Singh's review specifically addressed two key regulations: O. Reg. 143/16, which covers the tracking, reporting, and verification of GHG emissions, and O. Reg. 144/16, which governs Ontario's cap-and-trade system. His evaluation of O. Reg. 143/16 involved analyzing the company’s GHG monitoring and reporting practices to determine their compliance with Ontario’s stringent verification standards. For O. Reg. 144/16, which dictates emissions allowances and market participation, he assessed the company’s readiness to engage with the cap-and-trade system and any associated obligations.
Through this analysis, Dr. Singh identified specific areas within the company’s operations that could trigger compliance requirements, such as emissions thresholds, sector-specific coverage, and particular activities. He also highlighted gaps in the company's existing practices and recommended improvements to align with regulatory demands.
By staying up-to-date on ongoing regulatory changes, Dr. Singh ensured that the multinational company was informed and able to adapt its compliance strategies. His review provided essential guidance, helping the company navigate Ontario’s GHG regulations, mitigate non-compliance risks, and contribute to broader climate change mitigation goals.