Q-2, r. 46.1 - Regulation respecting a cap-and-trade system for greenhouse gas emission allowances

Section 15 Disposition versions

2022-09-01

15. The Minister may close an emitter’s compliance account and transfer the emission allowances recorded in it to the emitter’s general account

(1)  if the emitter has not been required to cover the GHG emissions of any of its establishments pursuant to section 19 or, as the case may be, section 19.0.1 and has met all the requirements of Chapter III;

(2)  if the covered establishment is no longer operated by the emitter, the emitter operates no other covered establishments, and the emitter meets the conditions of section 17; or

(3)  if the emitter is closing a covered establishment, operates no other covered establishments, meets the conditions of section 18 and has met all the requirements of Chapter III.

The emitter then becomes a participant for the purposes of this Regulation.

The Minister may open a general account for any person whose general account has been closed pursuant to section 14.2 and a compliance account for any person whose compliance account has been closed pursuant to the first paragraph to allow that person, as the case may be,

(1)  to place in the account any offset credit paid and cancelled by a partner entity that it used, as an emitter, to cover GHG emissions;

(2)  to place in the account any illegitimate offset credit referred to in section 70.5 or 70.7;

(3)  to place emission allowances in the account to cover its GHG emissions in accordance with section 23.1.

The Minister, when opening an account pursuant to the third paragraph, may require the person concerned to provide the Minister, as soon as possible, with the information and documents referred to in sections 7 to 13.

O.C. 1297-2011, s. 15; O.C. 1125-2017, s. 20; O.C. 1462-2022, s. 16.

2017-11-29

15. The Minister may close an emitter’s compliance account and transfer the emission allowances recorded in it to the emitter’s general account

(1)  if the emitter has not been required to cover the GHG emissions of any of its establishments pursuant to section 19 or, as the case may be, section 19.1, the emitter has met all the requirements of Chapter III, and the offset credits placed in the account by a partner entity and used by the emitter to cover its GHG emissions can no longer be cancelled;

(2)  if the covered establishment is no longer operated by the emitter, the emitter operates no other covered establishments, and the emitter meets the conditions of section 17; or

(3)  if the emitter is closing a covered establishment, operates no other covered establishments, meets the conditions of section 18, has met all the requirements of Chapter III, and the offset credits placed in the account by a partner entity and used by the emitter to cover its GHG emissions can no longer be cancelled.

The emitter then becomes a participant for the purposes of this Regulation.

O.C. 1297-2011, s. 15; O.C. 1125-2017, s. 20.

2012-09-01

15. An emitter may ask the Minister to close the emitter’s compliance account and transfer the emission allowances recorded in it to the emitter’s general account

(1)  if the emitter has not been required to cover the GHG emissions of any of its establishments pursuant to section 19 for over 5 years;

(2)  if the covered establishment is no longer operated by the emitter, the emitter operates no other covered establishments, and the emitter meets the conditions of section 17; or

(3)  if the emitter is closing a covered establishment, operates no other covered establishments and meets the conditions of section 18.

The emitter then becomes a participant for the purposes of this Regulation.

O.C. 1297-2011, s. 15.