Bud Sambasivam

Taxation and Finance Concern about the level of corporate taxation in Canada Risk Assessment of certain plastic consumer products Risk Assessment and Risk Management of Zinc and its compounds Review by Parliament of the Canadian Environmental Protection Act Registration of treated articles under the Pest Control Products Regulations promulgated under the Pest Control Products Act. Potential legislative reforms of the Canadian Environmental Protection Act. International Trade Issues associated with cross border trade between Canada and the USA. This includes negotiations with the USA on the implementation of the Canada, US, Mexico Agreement (CUSMA) and other trade agreements including the Trans Pacific Partnership (TPP). Implementation of S-5 An Act to Amend the Canadian Environmental Protection Act and other Acts. Respecting proposed changes to the assessment and management of Chemicals and Products; the Right to a Healthy Environment; the protection of Vulnerable Populations; the creation of a 'Watch List' for chemical substances; and the protection of confidential business information. Health Concern with Health Canada and its legislation associated with the manufacture of health related products and there importation from other countries, namely the US Government Policy to set explicit targets for diverting plastic waste and eliminate the unnecessary use of single-use plastics in government operations. Government policy to leverage procurement practices to focus on sustainable plastic products. Environment Concern with Climate Change and any impact on industry associated with a price on Carbon or other emission intensity criteria Creation of Investment Tax Credits for Carbon Capture Utilization and Storage in Bill C-59 entitled - An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 Concern with capital cost allowance credits, and creation of value-added natural resource manufacturing strategy. Looking at the classes of industry that qualify for capital cost allowance credits. Application for funding under the Strategic Innovation Fund Net Zero Accelerator for world’s first net-zero carbon emissions integrated ethylene cracker and derivatives site

Creation of Investment Tax Credits for Hydrogen in Bill C-69 entitled - An Act to implement certain provisions of the budget tabled in Parliament on April 16, 2024 Transportation Concern associated with rail transportation in Canada in particular rail car standards and liability. The development of Emergency Response Action Plans under the Transportation of Dangerous Goods Regulations. The risk assessment and potential risk management of zinc oxide and other zinc based substances Taxation and Finance Concern about the level of corporate taxation in Canada and the trend for higher corporate taxes. S-5 An Act to Amend the Canadian Environmental Protection Act and other Acts. Respecting proposed changes to the assessment and management of Chemicals and Products; the Right to a Healthy Environment; the protection of Vulnerable Populations; the creation of a 'Watch List' for chemical substances; and the protection of confidential business information. Registration of treated articles under the Pest Control Products Regulations promulgated under the Pest Control Products Act. Rail service review with respect to level of service, and load safe and security. Concern with the potential transfer of liability from carrier to shipper. Notice of intent to regulate air pollutants and greenhouse gases, pertaining to draft regulations for off-sets and credit for early action. International Trade Issues associated with cross border trade between Canada and the USA. This includes potential negotiations with the United States on the implementation of the Canada, US, Mexico Agreement (CUSMA) and other trade agreements including the Trans Pacific Partnership (TPP). Impact of the Clean Fuel Standard (CFS) on industrial operations in Canada. Concern with the impact on the availability of renewable natural gas as a result of the CFS being applied to gaseous fuels. Concern with the availability of offset credits for obligated parties and the impact of the cost of carbon. Federal government plan to set explicit targets for diverting plastic waste and eliminate the unnecessary use of single-use plastics in government operations. Federal government policy to leverage procurement practices to focus on sustainable plastic products Environment Concern with Climate Change and any impact on industry associated with a tax on Carbon or emission criteria. Questions with the release on the Federal governments carbon pricing and potential fuel surcharges Creation of Investment Tax Credits for Carbon Capture Utilization and Storage in Bill C-59 entitled - An Act to implement certain provisions of the fall economic statement tabled in Parliament on November 21, 2023 and certain provisions of the budget tabled in Parliament on March 28, 2023 Consideration of an application for funding under the Net-Zero Accelerator Fund which is administered as part of the Strategic Innovation Fund Concern with capital cost allowance credits, and creation of value-added natural resource manufacturing strategy. Looking at the classes of industry that qualify for capital cost allowance credits. Looking at moving to a 100% Accelerated Capital Cost Allowance in line with the US. Amendments to the Canadian Environmental Protection Act relating to plastic waste under S-234

REGIONAL ECONOMIC DEVELOPMENT - Communicating with government officials about regional economic development programs and funding, including those offered by the Federal Economic Development Agency. BANK ACT: Communicating with the Government of Canada about the statutory review of the Bank Act, SC 1991, c. 46, more specifically about vehicle leasing. INTERNATIONAL TRADE: Communicating with government officials about international trade, more specifically trade issues related to the automotive industry and automotive manufacturing, including potential tariffs on automotive parts and batteries. VEHICLE THEFT: Communicating with government officials about vehicle thefts across Canada, including measures to limit vehicle theft. The goal of these communications is, in part, to ensure cross-departmental coordination in addressing the issue. USA BILLS: Communicating with government officials about American infrastructure and reconciliation bills, including electric vehicle ("EV") tax credit provisions, which will impact Canadian manufacturing sector and make Canadian-made EVs uncompetitive. TRAVEL DOCUMENTS: Communicating with government officials about the processing of travel documents, more specifically visas. TRANS-PACIFIC PARTNERSHIP ("TPP") AGREEMENT: Communicating with government officials about the TPP Agreement, more specifically relaying the need for fair, equitable and transparent trade agreements on a multi-lateral basis. STRATEGIC INNOVATION FUND ("SIF"): Communicating with government officials about funding under the Strategic Innovation Fund, more specifically ensuring funding advances the competitiveness of automobile manufacturing in Canada. OUTPUT BASED PRICING SYSTEM: Communicating with government officials about the Output Based Pricing System (established under the Greenhouse Gas Pollution Pricing Act), more specifically providing expert industry input on the development of the pricing system. NATIONAL ZERO-EMISSIONS VEHICLE STRATEGY: Communicating with government officials about the National Zero-Emissions Vehicle Strategy, more specifically (i) providing expert industry input on the strategy and (ii) participating in various advisory groups. These communications will involve discussions about infrastructure, incentives, supply, and public awareness. MOTOR VEHICLE SAFETY ACT: Communicating with government officials about the Motor Vehicle Safety Act, more specifically (i) alignment with American safety standards, (ii) flexibility on regulations for vehicles, (iii) target setting for greenhouse gas emissions and (iv) improved recall completion rates. MEASURES AGAINST FORCED AND CHILD LABOUR: Communicating with government officials about measures to eliminate forced and child labour, more specifically (i) monitoring legislative and regulatory developments to increase supply chain transparency and (ii) ensuring industry has enough time to comply with future supply chain transparency obligations. LUXURY TAX: Communicating with government officials about luxury taxes, more specifically (i) ensuring luxury taxes are removed from electric vehicles ("EVs"), (ii) ensuring luxury taxes are removed (or reduced) on recreational boats and (iii) ensuring luxury taxes do not conflict with other government measures, including reductions in greenhouse gas emissions. INVESTMENT TAX INCENTIVES: Communicating with government officials about investment tax incentives under the Income Tax Act, including the Investment Tax Credit ("ITC"). INTERNATIONAL STUDENT WORK: Communicating with government officials about international students, more specifically eligibility for off-campus work during studies at a designated learning institutions (“DLIs”). INFLATION REDUCTION ACT (USA): Communicating with government officials about industry’s views on the effect of the Inflation Reduction Act (USA) on Canada’s competitive landscape and its ability to attract investments. HARMONIZED GHG REGULATIONS: Communicating with government officials about h

Financing infrastructure projects, as it relates to investments by insurers. Discussions relating to the development of Financial Consumer Protection Framework and voluntary commitments to promote protection for consumers. Communicating with the government on the 2026 Spring Economic Update, including their plan to introduce Canada’s first sovereign wealth fund—the Canada Strong Fund. Discussions with respect to federal government policies to improve the economic potential, contribution and capacity of Canada's Indigenous communities. Capital markets statutory, regulatory and self-regulatory organization regime applicable to banks as corporate issuers and their provincially regulated subsidiaries that are capital markets participants. Discussions regarding general economic conditions and fiscal policy that can stimulate economic growth, competitiveness and social progress. Providing inputs on climate standards and disclosures. Providing input on the prudential regulation of the banking sector. Providing input on federal budget measures that may impact the banking sector. Discussions on policies, legislation, or regulations related to stablecoins and other digital assets. Financial Institutions, with respect to the Canadian regulatory framework. Financial institutions with respect Canada/US relationship and trade policy. Providing inputs on Basel III Implementation with respect to capital floor phase-in and risk weights Advocate for globally competitive policies that position artificial intelligence as a positive economic driver, and support the responsible development, deployment, and use of AI in business. Prescription drugs - Seeking to raise awareness about prescription drug & workplace benefit coverage. Federal government programs and policies respecting consumers as they pertain to relationships with financial institutions. The Proceeds of Crime (Money Laundering) and Terrorist Financing Act, initiatives for enhancement of reporting mandatory information, and risk assessment methodology. Work with the government to protect Canadians against fraud and scams. Providing input on the development of the Consumer-Driven Banking Framework Office of the Superintendent of Financial Institutions guidelines with respect to capital adequacy requirements, prudential limits and restrictions, accounting and disclosure, and sound business and financial practices Income Tax Act as it applies to corporate taxation, personal taxation, registered saving products, investment and competitiveness. Support the goals outlined in the National Cyber Security Strategy and collaborate with government, including the Canadian Centre for Cyber Security, to strengthen Canada’s cyber resiliency. The financial sector regulatory framework as it relates to electronic payments, credit, debit and interchange rates. Regulatory review of the proposed acquisition of HSBC Canada. Policies and programs that affect the Canadian housing market and lending practices. Personal Information Protection and Electronic Documents Act (PIPEDA), the Privacy Act, and any legislation and associated regulations with regard to privacy and security, identity theft risks, use and protection of information. Payment Clearing and Settlement Act as it applies to the five year financial system review. Over-the-counter (OTC) Derivatives: seeking to void duplicative OTC derivatives regulation and negative effects on the competitiveness of Canadian businesses and further negotiations regarding derivatives regulation with foreign regulators in order to avoid duplication of requirements. Initiatives related to gender diversity, inclusion and accessibility as they apply to financial institutions. Financial Consumer Agency of Canada Act as it applies to consumer protection. Employment Equity Act as it applies to banks as employers. Discussions to understand and determine the nature of the banking industry’s role in facilitating COVID-19 government benefit programs and about the possible challen

Engagement with the Government of Canada with regards to policies for green hydrogen, with a particular focus on export markets.

Engagement with the Government of Canada to ensure awareness of World Energy GH2's clean energy project in Atlantic Canada, and to avoid hurdles to building a project of this size.

Supporting legislative changes to allow the electronic delivery of governance documents in the financial sector as proposed in the 2024 federal budget. Veterans Benefits including programs and policies that provide financial and other assistance to current and former members of the Canadian Armed Forces. The Pension Benefits Act and the Tax Act including annuities. The Income Tax Act and Budget 2023 proposal to change the tax treatment on Canadian dividends received by Canadian insurance companies. Standards for banking and health data (open banking, health information). Privacy, Human Rights and Insurance including the Privacy Act, Human Rights Act and the Canada Labour Code. Policies and programs related to Canada trade relations with other countries. Office of the Superintendent of Financial Institutions Guidelines on Insurance and Banking. Insurance Companies Act and regulations. Healthcare policy, specifically in relating to, employee benefits programs, including long-term disability and drug benefit plans. Global Minimum Tax Act to promote international coordination and harmonization on the timing and operation. Ensuring the passage of Bill C-27 - the Consumer Privacy Protection Act as drafted by the government. Canada’s system and programs for detecting and deterring money laundering. Access to Hong Kong Pensions for permanent residents of Canada

Pending legislation regarding forthcoming UNDRIP implementation. Net zero legislation Icebreaking support in St. Lawrence and Saguenay Rivers. Federal funding programs aimed at supporting steel and aluminium industry under Strategic Innovation Fund. Engagement with Strategic Innovation Fund regarding carbon abatement technologies, including advanced aluminium smelting technology project. Discussion with federal agencies regarding marine protecting areas Discussions with government officials regarding environmental regulations related to the mining and metals sector, including Multi-sector Air Pollution Regulations, Greenhouse Gases, Metal Mines Effluent Regulations, Canadian Ambient Air Quality Standards, the Clean Fuel Regulation, and regulations associated with changes to Fisheries Act, and Impact Assessment Act. Discussion regarding conservation and nature-based solutions Discussion on potential federal programs aimed to enhance Aboriginal economic development opportunities Discussion of resource sector (mining and metal manufacturing) competitiveness in Canada with respect to critical minerals strategy, productivity, technology and innovation and skill and development, and taxation, as well as providing updates on Rio Tinto's projects. Discussion of potential impacts of s.232 implementation on Canadian access to US markets. Discussion of potential economic and social impacts of COVID-19 on domestic and global supply chains; discussion of economic stimulus package for industry in response to COVID-19. Discussion of policies and programs regarding critical minerals Discussion of CUSMA implementation, especially as it relates to auto Rules of Origin, possible restrictions and tariff increases, and issues surrounding market access to the United States for the aluminium, ilmenite, iron ore and diamond sectors.

Discussions regarding support for the development of clean hydrogen and net-zero technology, including through the Strategic Response Fund. Policies and regulations regarding zero emissions vehicles and the use of hydrogen in transportation applications, the supply of hydrogen and equipment for hydrogen fueling stations, including technology relating to compression, storage and dispensing. Engaging government regarding hydrogen and emissions reductions, including the proposed Clean Hydrogen Investment Tax Credit and the Carbon Capture, Utilization and Storage Tax Credit. Engaging government on regulations relating to hydrogen, including the Output-Based Pricing System (OBPS) regulations. Engaging government on regulations relating to CO2 production and reduction. Engaging government on policies and programs that encourage the production and use of hydrogen as an alternative source of fuel, including hydrogen produced from by alternative processes and the purchased and retrofit of third-party facilities. Engaging government on issues relating to Greenhouse Gas rules and their impact on third-party producers and sellers of hydrogen. Discussions regarding support for hydrogen mobility and transportation solutions.

Support for hydrogen research and development capabilities in Canada through the Strategic Innovation Fund I will be pursuing various department and agencies to adopt hydrogen and CCS incentives and financial supports including the Strategic Innovation Fund, Clean Hydrogen Investment Tax Credit, Contracts for Difference, and carbon credits under the Clean Fuel Regulations. On behalf of the client, I will be advocating to various departments and agencies with respect to legislation and regulations that impact the development of clean hydrogen production and carbon capture and storage (CCS) with a focus on Bill C-59 (e.g. CCUS-ITC), Clean Hydrogen Investment Tax Credit and the Clean Fuel Regulations.

Policies, regulations and programs regarding zero emissions vehicles and the use of hydrogen in transportation applications, the supply of hydrogen and equipment for hydrogen fueling stations, including technology relating to compression, storage and dispensing. Engaging government regarding support for clean hydrogen production and emissions reductions, including the proposed Clean Hydrogen Investment Tax Credit and the Carbon Capture, Utilization and Storage Investment Tax Credit.

"Hydrogen Related Incentives" On behalf of the client, I will be advocating to various departments and agencies to promote hydrogen production and carbon capture and storage (CCS) in Alberta. In addition, I will be pursing various department and agencies to adopt hydrogen and CCS incentives.

Clean Electricity Regulations (CER) & equivalency – understanding the timing, objectives, and implementation of the CER to navigate a bilateral equivalency agreement. Includes advocacy for strengthened industrial pricing system to meet Canada's decarbonization goals. Net-zero emissions pathways to 2050 and the use nuclear energy and/or negative emissions technologies to meet Canada's climate goals. Maintaining and improving the large emitter trading systems (LETS) created by the Part 2 of the Greenhouse Gas Pollution Pricing Act (2018). Canada Growth Fund (CGF) - Understanding the timing, objectives, function and intended outcomes of the CGF using mechanisms such as carbon contracts (e.g. contracts for difference & offtake agreements). This includes advocacy around how carbon contracts are deployed, and the funding mechanisms used to support carbon contracts. Seeking changes to federal rules around tax treatment of companies (e.g. utilities) that change from not-taxable to taxable status (departure tax). The regulation of greenhouse gas emissions through the federal out-put based pricing system, including expanding fungibility and transparency. The development of a border carbon adjustment mechanism to respond concerns around carbon leakage and Canadian competitiveness. Policy around the design and implementation of a federal Carbon Contracts for Difference (CCfD) program. Pan-Canadian Framework on Clean Growth and Climate Change with respect to Canada's implementation of its international policy commitments.

Discussions surrounding the development of additional crude oil pipeline egress on B.C.'s West Coast Pan-Canadian energy strategy – discussions regarding the development of a national energy strategy, Canada’s role in the North American and global energy markets, US-Canada energy and trade relations and other trade related issues, including tariffs Discussions regarding the implementation of grants and investment tax credits for energy transition projects, such as carbon capture, utilization and storage (CCUS). Discussions and updates related to Pembina’s export projects in BC West Coast, such as the Prince Rupert propane export terminal, Vancouver wharves, and Cedar liquified natural gas (LNG) export terminal. Clean Fuel Regulations – discussions and input related to the implementation of the Clean Fuel Regulations and compliance pathways. Discussions around enabling policy and incentives for data centres and accompanying power generation Regulatory efficiency – discussions regarding the government’s approach towards streamlining regulatory process as they related to large energy infrastructure projects and pipelines. Market access and competitiveness - discussion regarding the government’s approach to opening new markets for Canadian oil and gas resources and related products to ensure full market value for Canadian hydrocarbons and other projects as yet in the proposal stage. Discussions related to the implementation of federal environmental assessment and environmental protection legislation. Discussions regarding the competitiveness of Canada’s energy sector, particularly related to pipelines and midstream energy issues, including environmental protection and safety, Indigenous engagement, federal procurement decisions, and sector investment. Climate change policies with respect to considerations for greenhouse gas reduction targets, cap and trade and carbon pricing provisions.

Discussions with the Government of Canada about the announced funding opportunities for CCUS and/or hydrogen project proposals. Regulatory efficiency – discussion reading the government’s approach towards streamlining regulatory process as they related to large energy infrastructure projects and pipelines. Pan-Canadian energy strategy – discussions regarding the development of a national energy strategy, Canada’s role in the North American and global energy markets, US-Canada energy and trade relations and other trade related issues. Market access and competitiveness - discussion regarding the government’s approach to opening new markets for Canadian oil and gas resources and related products to ensure full market value for Canadian hydrocarbons and other projects as yet in the proposal stage. Market access and competitiveness - discussion regarding the government’s approach to opening new markets for Canadian oil and gas resources and related products to ensure full market value for Canadian hydrocarbons and other projects as yet in the proposal stage. Discussions related to the implementation of federal environmental assessment and environmental protection legislation. Discussions regarding the competitiveness of Canada’s energy sector, particularly related to pipelines and midstream energy issues, including environmental protection and safety, Indigenous engagement, federal procurement decisions, and sector investment. Discussions and updates related to Pembina’s projects in BC West Coast, such as the Prince Rupert propane export terminal, and Pembina’s proposed US West Coast Jordan Cove LNG export terminal. Climate change policies with respect to considerations for greenhouse gas reduction targets, cap and trade and carbon pricing provisions. Clean Fuel Standard – discussions and input related to the development of the Clean Fuel Standard regulations. This includes providing input through CEPA organized events.

• Training and skills development Indigenous Peoples in mining and processing • Natural resource development and Canada-U.S. transboundary affairs • Federal funding programs aimed at supporting research & development, innovation, decarbonization within the mining sector • Advancement of critical mineral production, processing, and infrastructure projects in Canada • Adoption and use of new technologies in mining and processing