Montréal, December 15, 2011 – Raymond Chabot Grant Thornton is taking advantage of the adoption of the Regulation respecting the cap and trade system for greenhouse gas emission allowances by the Minister of Sustainable Development, Environment and Parks, Pierre Arcand, to reiterate its support of this initiative benefiting numerous Quebec companies.
According to Raymond Chabot Grant Thornton, this announcement allows Québec companies to start preparing now for the implementation of the cap-and-trade system and the transition period that will lead to enforcing the greenhouse gas (GHG) regulations as of January 2013. The regulation is consistent with multiple Quebec initiatives already in place to counter climate changes.
“The emission allowance market currently being created is good news for our numerous companies in the clean technologies sector and innovative industrial establishments in Quebec. With the 2013 regulations, Quebec companies will definitely be able to benefit concretely from this new GHG market,” remarked Roger Fournier, Lead Senior Manager, Environment, Greenhouse Gases and GHG Certification Specialist at Raymond Chabot Grant Thornton.
“This system will accept offset credits so that companies subject to the regulation will be able to comply. We see this as an excellent business opportunity for various non-regulated Quebec companies that are innovating and adopting best practices for environmental protection. Companies that reduce their emissions may possibly be able to sell their offset credits to regulated entities. With this system, Quebec is demonstrating its leadership once again and confirming the importance of contributing to the reduction of GHG emissions for our generation and those to come,” Mr. Fournier concluded.
The memorandum submitted by Raymond Chabot Grant Thornton in connection with the public consultations held for the regulation project is available here: http://www.rcgt.com/ghg-memorandum.
About Raymond Chabot Grant Thornton
Founded in 1948, Raymond Chabot Grant Thornton is a leader in the fields of assurance, taxation, consulting, business recovery and reorganization services. The Firm owes its success to a team of over 2,000 people, including over 225 partners in more than 90 offices in Quebec, eastern Ontario and New Brunswick. The scope of its network has made the Firm the leader in its sector of activities. Additionally, for more than thirty years now, our Firm has also been a member of Grant Thornton International Ltd., providing its clientele with access to the expertise of member and correspondent firms in over 100 countries.
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