Quebec and California will hold a seventh joint cap-and-trade emissions units auction on May 18, 2016

Québec, March 18, 2016 – The Ministère du Développement durable, de l’Environnement et de la Lutte contre les changements climatiques (MDDELCC), and the California Air Ressources Board (ARB), announced today that a seventh joint carbon market auction will be held on May 18, 2016.

The publication of the Auction Notice, which includes the number of emissions units for sale, minimum prices, and application requirements, marks the beginning of the application period. The application period closes on April 18, 2016.

The Auction Notice is available on the MDDELCC’s website: http://www.mddelcc.gouv.qc.ca/changements/carbone/index-en.htm.

- 30 -

Media Relations

Ministère du Développement durable,

de l’Environnement et de la Lutte contre

les changements climatiques