Alta. business leaders applaud Supreme Court impact assessment rebuke

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 50%

Business News News

Business Business Latest News,Business Business Headlines

Business leaders in Alberta said they were thrilled and surprised the Supreme Court overturned most of the federal government’s Impact Assessment Act, arguing it means the province’s energy sector is back.

The law, formerly known in Parliament as Bill C-69, was given royal assent in 2019 and laid out federal oversight powers when it comes to the environmental impact of energy and infrastructure projects.

The only portion of the law that was not affected by the judgment involves projects on federal land, which include federal funding or happen on international territory. “At the top level, we are thrilled with this decision and what it means for Canadian workers, their families, and, frankly, everyone who stands to benefit from Canada's responsibly produced natural resources,” Mike Martens, president of the Independent Contractors and Businesses Association Alberta, told BNNBloomberg.ca in a phone interview.Martens said the law effectively doubled the amount of red tape a new project would need to surpass before getting approval, causing lengthy delays.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in BUSİNESS

Business Business Latest News, Business Business Headlines