https://www.thecanadianpressnews.ca/
TORONTO – A newly released report estimates Canada will need at least $30 billion in new capital investments by 2040 if it wants to meet domestic demand for the critical minerals key to a green economy transition. But the Canadian Climate Institute’s report says cutting back on environmental safeguards and Indigenous consultation to speed up those projects is likely to backfire.
The report released Thursday says those cutbacks can lead to delays later on, due to community opposition or litigation. The think tank’s latest report comes as the federal government, along with Ontario and British Columbia, face major pushback from First Nations and environmental groups to legislation intended to speed up mining project approvals.
The report says Canadian governments should support Indigenous participation and reduce environmental risks as part of efforts to reduce regulatory delays. It says Canada has a big opportunity to capitalize on the surging domestic and global demand for critical minerals to build the batteries, solar panels and electric vehicles required to reduce greenhouse gas emissions.
For the rest of this article: https://www.thecanadianpressnews.ca/environment/30b-in-new-investments-needed-to-meet-canadas-critical-mineral-demand-report/article_26268082-80dc-5ca1-adc1-bf0b2e4ab61d.html