Proposed legislation would radically revise the process of environmental assessment for major infrastructure projects including pipelines.
oil and gas
Capital investment in Canada’s oil and natural gas in 2017 was down 44 per cent from 2014.
Oil price discount recently reached nearly 60 per cent.
World oil consumption may expand to 100 million barrels per day in the next three months.
Canadian oil producers will lose an estimated $15.8 billion this year in foregone revenues compared to other producers.
Investor concerns over uncertain regulatory enforcement have risen sharply since 2013.
Between 2004 and 2014, Alberta created more than 350,000 jobs.
Bill C-69 would overhaul the assessment process of major energy projects and add new criteria including “gender implications."
Forty-three Indigenous groups completed agreements to support the project.