On August 19, Environment Canada issued draft regulations that would reduce the national GHG emissions from electricity generation by 31 million metric tons between 2005 and 2020 with new standards for future coal-fired plants and the phasing out of old and inefficient factories. The standards, which would take effect July 1, 2015, seek to bring all electrical generation as close to parity as possible with natural gas fired generation. In addition to retiring dated plants, the regulation would encourage investment in cleaner generation technologies and CCS technology.