While many Canadians are cheering at the country's new commitment to reducing carbon emissions, corporate law firms with large and lucrative traditional oil and gas practices could be forgiven for greeting developments of the past few days with mixed emotions.
For decades, oil and gas work has fed mergers and acquisitions, construction law, mining, corporate finance and a myriad of other corporate-commercial practices. It's difficult to think of a large corporate law firm that doesn't have a presence in Calgary.
For them, Alberta Premier Rachel Notley's ambitious new climate strategy and the agreement between Prime Minister Justin Trudeau and the provinces on cleaning up the environment ahead of next week's UN climate change conference in Paris have very real business repercussions.
Lexpert contributor Sandra Rubin reports on Canada's new climate change strategy at lexpert.ca.