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Canadian business coalition urges regulatory overhaul - BNN Bloomberg

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A coalition of business groups and Indigenous organizations are calling for an overhaul of federal regulations on new technology and infrastructure projects to speed up the process.

the 18-member coalition argued Canada’s process for reviewing and approving new projects is far too lengthy and is thus hurting the country’s chances of achieving its climate goals.

“Canada is not seen as a place that can get projects built—and that has a big cost. If we cannot improve the process, our country will likely lose out on important low or zero carbon initiatives, strategic investments, and tens of thousands of jobs across the country.” “Canada’s existing regulatory review and permitting systems are not up to the challenge of meeting our climate targets,” the letter states. “They are time-consuming, unpredictable, and complex. They don’t always fully enable the necessary engagement and participation of Indigenous communities.

 

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