OBPS – Output-based pricing system; a component of the FCPP that provides an entity relief from the full impact of the Federal Carbon Charge. A registered entity will have a compliance obligation based on the portion of its emissions that exceed the annual output-based emissions limit.
OBPS regulations – Output-Based Pricing System Regulations published in Canada Gazette II on June 28, 2019. 12
OBPS VOLUMES - Volumes of natural gas consumed in the operation of Enbridge Gas’s transmission and storage compressor facilities (which are subject to the OBPS as Enbridge Gas’s transmission and storage system is a “covered facility” under Part 2 of the GGPPA).
OBS – Output-based standard; a percentage of production-weighted national average emissions intensity applied to annual facility production to determine annual facility emission limits under the OBPS.
OEB – The Ontario Energy Board.
OFFSET CREDITS – Represent greenhouse gas emissions reductions or removal enhancements generated from Canadian voluntary project-based activities that are not subject to carbon pricing and that would not have occurred under business as usual conditions.13
Order – The Greenhouse Gas Emissions Information Production Order published in Canada Gazette II on October 31, 2018. 14
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12 SOR/2019-266 available at http://www.gazette.gc.ca/rp-pr/p2/2019/2019-07-10/html/sor-dors266- eng.html
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13 https://www.canada.ca/en/environment-climate-change/services/climate-change/pricing-pollution-how- it-will-work/output-based-pricing-system.html
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14 SOR/2018-214 available at http://gazette.gc.ca/rp-pr/p2/2018/2018-10-31/html/sor-dors214-eng.html , as amended on December 20, 2018 by SOR/2018-277 available at http://gazette.gc.ca/rp- pr/p2/2018/2018-12-20-x2/html/sor-dors277-eng.html