The Ontario Securities Commission (OSC) will begin consultations in September 2009 in response to a resolution in the Ontario Legislature regarding, among other things, environmental disclosure. The April 2009 resolution directed the OSC to “undertake a review of Ontario’s current corporate disclosure reporting requirements, standards and compliance therewith, with a particular emphasis on additional financial and nonfinancial information to ensure that Ontario investors have access to all information material to them in making investor decisions.” More specifically, the resolution requires that the OSC seek to develop and adopt an enhanced standardized reporting framework for both quantitative and qualitative environmental information. The OSC must provide the Minister of Finance, by January 1, 2010, with its findings and recommendations for next steps to enhance disclosure.