Across our country, workers, communities and businesses have been telling senators that Bill C-69, the proposed legislation on impact assessment, threatens to destroy the resource industry. Investment is fleeing, projects are being cancelled and jobs are being lost.
Second, when prices are low, as they are now in Canada because of the lack of export pipeline capacity, First Nations must give back some of their royalties to the producer just to prevent a well from being taken out of production as uneconomic. This is a standard arrangement. However, it means the landholder — the First Nation — suffers more than the producer. First Nations’ oil royalties and fees have dropped from $250 million to just $50 million since 2012.
Fifth, First Nations-owned businesses have earned much of their market share and profits in sub-contracting, where they rely on new construction and growth. But C-69 stops new growth. Existing projects will shift into caretaking mode and cut costs to make money, but it’s the small businesses — the trucking, catering and the construction trades — that will be devastated.
It is ok next government when Trudeau gets the punt will undo every damaging thing he’s has done to our country
Eco-colonialism