Federal Bill C-69 has made the regulatory system for new energy development more complex, uncertain and subjective.
Ottawa expects firms to commit to things they can’t possibly predict.
Investment in the energy sector could shrink by an additional 40 per cent this year.
Bill-22 will provide much-needed certainty for future investment decisions.
The carbon tax will increase costs in the petroleum manufacturing sector by 25 per cent.
Responsible energy development should incorporate due attention to public safety and the environment.
In total, $150 billion has left Canada from 2014 to 2018.
Teck spent almost 10 years securing the necessary approvals from provincial and federal regulators.