Impact assessment law ruling could 'reset' Canadian energy policy landscape: CAPP
BNN Bloomberg
Last week's ruling by the Supreme Court of Canada against large portions of the federal government's impact assessment law could reset the policy landscape in this country in favour of energy development, the head of a major oil and gas lobby group said Wednesday.
Canadian Association of Petroleum Producers CEO Lisa Baiton — who made the comments during a panel discussion following a business group luncheon in Calgary — said this country's oil and gas industry has been subjected to "layer upon layer" of federal regulation in recent years.
She described the cumulative effect of various federal policies such as the promised emissions cap for the oil and gas sector and the proposed clean electricity regulations as a "pancake-ing" of regulation that has scared away investment and ultimately harmed the industry.
The federal impact assessment law, formerly known as Bill C-69, laid out a wide range of criteria for federal assessment of the environmental impacts of major projects.
