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There’s a reason the federal Liberals want to include a clause in any rewrite of NAFTA preventing member countries from diminishing environmental safeguards in the name of fuelling investment: It’s an area in which they suddenly find themselves politically vulnerable.
The North America free-trade agreement negotiations are beginning at the same time as the federal government is preparing to bring in new rules that would put more restrictions on companies looking to establish resource development opportunities in Canada.
Provinces are now bracing for the impact of a national carbon tax that is scheduled to be introduced next year in those jurisdictions currently without one, or the equivalent of. (In Ontario and Quebec, that would be cap-and-trade.) The stultifying impact these initiatives could have on resource investment has become a conservative rallying cry in the west, with outgoing Saskatchewan Premier Brad Wall leading the charge.