Canadian Securities Regulator Issues Guidance on Environmental Disclosure
This information was taken from the newsletter by Greg Rogers at
Canadian Securities Regulator Issues Guidance on Environmental Disclosure
On February 29, 2008, the Ontario Securities Commission (OSC) issued the results of a targeted review of compliance with National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102), which requires reporting issuers to disclose information about environmental matters in their continuous disclosure (CD) documents. The review covered 35 reporting issuers in the environmental services, industrial products, mining, oil and gas, steel, transportation services, and utilities industries. The OSC report documents findings and recommendations regarding disclosure of environmental liabilities, asset retirement obligations, financial and operational effects of environmental protection requirements, environmental policies fundamental to operations, and environmental risks. Read OSC Findings and Recommendations.
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