In Canadian securities law, liability for disclosure has historically been anchored in statutory and common-law misrepresentation concepts developed for conventional financial reporting. Those regimes assume disclosure that is capable of verification at the time it is made, and they attach consequences to statements that are inaccurate, misleading, or materially incomplete, regardless of whether the disclosure was made in good faith.

Alberta is revising its industrial carbon pricing system, known as TIER. Large facilities that emit 100,000 tonnes of carbon dioxide equivalent or more of greenhouse gases each year must remain within their allowable emissions limit or, if they exceed it, comply by using credits or purchasing fund payments.