Federal Bill C-69 has made the regulatory system for new energy development more complex, uncertain and subjective.
The legislation includes subjective criteria including the “social impact” of energy investment and its “gender implications."
Investment in Canada’s oil and gas sector has declined by 35 per cent.
Ottawa expects firms to commit to things they can’t possibly predict.
Bill C-69 overhauled the entire environmental assessment of major projects and made the regulatory system more complex.
The Alberta government may take an ownership stake in future oil and gas development.
Sixty-five per cent of respondents for Alberta were deterred by the high cost of regulatory compliance.
It’s hard to see how a new additional phase of consultation will reduce timelines.
Bill C-48 bans large oil tankers off B.C.’s northern coast.
Ottawa’s federal carbon tax came into effect earlier this year at $20 per tonne.