Only one country is contemplating destroying its own resource sector: Canada – by Jack Mintz (Financial Post – June 13, 2019)

“It would make sense for Canada to have a carbon policy consistent with
its major trading partners, most obviously the United States. However,
it does not make sense for Canada to impose high-cost policies on our economy
that will drive resource businesses to other jurisdictions where development can
still take place.”

The long saga of the Liberal government’s Bill C-48, the West Coast oil tanker ban, and Bill C-69, the new project-approval regime, may be coming to an end this month. It will not go well.

The Senate will likely pass Bill C-48 against the recommendations of its own committee that studied the bill. And on Wednesday, the Trudeau government said it is only willing to accept a minority of the more than 180 amendments proposed by the Senate to C-69, euphemistically called the “No Pipelines” Bill by Alberta’s Premier Jason Kenney.

That is, it will accept only those changes proposed by senators aligned with the Liberal party, while rejecting any suggested amendments backed by the industry and provinces who rely on oil and gas.

Prime Minister Justin Trudeau’s government has said it wants to “develop our resources responsibly.” Both these bills will almost certainly make resource development more difficult, if not impossible.

Add to these Trudeau’s carbon taxes aimed at curbing fossil fuels and regulations such as the new clean fuel standard, and it raises a serious question: What is Canada’s actual resource plan for the future?

For the rest of this column:

Comments are closed.