No, the Supreme Court ruling on federal environmental law is not good for business

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The Supreme Court has ruled that a federal law regulating provincial natural-resource projects is unconstitutional

Duane Bratt is a political science professor in the department of economics, justice and policy studies at Mount Royal University in Calgary., which governs approvals for major projects such as mines and oil and gas operations, is largely unconstitutional because it infringes on provincial jurisdiction. Alberta Premier Danielle Smith took a victory lap and proclaimed that her province was now “open for business.

Meanwhile, Ms. Smith has claimed the IAA led to tens of billions of dollars in lost investments in Alberta. However, the impact is hard to quantify. Investment decisions include many factors: regulations, price, labour costs, market access, etc. Ms.

 

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