Application for offset credits
 14. (1) A sponsor may apply to the Minister for the creation of Ontario offset credits in respect of greenhouse gas reductions, avoidances or removals achieved during a reporting period by a single offset initiative or by offset initiatives that are in a group. (2) Where offset initiatives are in a group, an application under subsection (1) must be in respect of all greenhouse gas reductions, avoidances or removals achieved during the reporting period by all initiatives in the group. (3) An application for the creation of Ontario offset credits shall include, at a minimum, the following: 1. An initiative report for the reporting period that was prepared in accordance with section 21 and the applicable protocol. 2. A verification report that includes a positive verification statement for the reporting period that was prepared in accordance with sections 22 to 24 and the applicable protocol. 3. A document signed and dated by the sponsor, or if the sponsor is not an individual, by the chief officer of the sponsor, that includes the following: i. A statement that the sponsor continues to be authorized to be the sponsor for the initiative or initiatives. ii. Any updated versions of documents supporting the statement under subparagraph i, including updated agreements that the sponsor provided with the application for registration of the initiative or initiatives. iii. A statement that the sponsor has not applied for credits in respect of the greenhouse gas reductions, avoidances or removals that are the subject of the application under any program that recognises greenhouse gas reductions, avoidances or removals and will not make an application for such credits while the initiative or initiatives are registered. iv. A statement that the sponsor meets the eligibility criteria in section 13. v. A statement that the information included in the application is true and accurate. vi. A statement that the sponsor consents to the Ministry giving information relating to the person to authorities in designated jurisdictions when necessary for the purposes of the cap and trade program or a corresponding program in a designated jurisdiction. (4) For sequestration initiatives, (a) a sponsor shall submit an application for Ontario offset credits for the first reporting period no later than six months after the end of the reporting period; and (b) subsequently, the sponsor may apply for Ontario offset credits for up to six reporting periods in one application, which shall be made no later than six months after the end of the last reporting period. (5) For non-sequestration initiatives, a sponsor shall submit an application for Ontario offset credits for each reporting period no later than six months after the end of the reporting period. (6) Despite subsection (5), if the amount of greenhouse gas reductions, avoidances or removals achieved during a reporting period by an initiative or by the initiatives in the group is 25,000 tonnes of CO2e or less, the sponsor may apply for Ontario offset credits for that reporting period and the next reporting period in one application, which shall be made no later than six months after the end of the later reporting period. (7) The Director may extend a deadline mentioned in subsection (4), (5) or (6) by up to four months. (8) The Minister may at any time require a sponsor to provide additional information in relation to an application for Ontario offset credits.