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Robert Lewis-Manning, president, Chamber of Shipping, Dennis Darby, president and CEO, Canadian Manufacturers & Exporters, Tim McMillan, president and CEO, Canadian Association of Petroleum Producers and Perrin Beatty, president and CEO, Canadian Chamber of Commerce.
While the Canadian economy is slowing to a halt, the federal government is advancing a ban on tanker traffic on a significant portion of the West Coast that will prevent Canada from exporting our responsibly produced energy products.
At a time when Canada desperately needs marine access to reach new growing markets in Asia – and to avoid losing millions of dollars per day on the sale of our oil – Bill C-48, the Oil Tanker Moratorium Act, is an irresponsible measure for the Canadian economy.
For decades, Canada’s West Coast has been a trading gateway for commercial marine transport. It has provided access to global markets for our country’s most valuable resources and products.
Under international law, Canada cannot block the innocent passage of ships in any of our waters. So ironically, while Bill C-48 will only block the export of Canadian-produced petroleum products, it won’t stop foreign vessels carrying the same products from travelling through the same waters.
Environmental protection is a priority, not just for Canadians and Indigenous communities, but for the industries that operate within our borders. The oil and natural gas sector, and the international shipping community, are committed to continuous innovation and improvement in safety.
For the rest of this opinion column: https://www.theglobeandmail.com/business/commentary/article-oil-tanker-moratorium-act-will-harm-canadas-economy-and-reputation/