The National Post is Canada’s second largest national paper.
Perrin Beatty is president and chief executive of the Canadian Chamber of Commerce.
Cuts to government jobs may command the headlines, but the most significant item in the federal budget was the long-overdue decision to clean up Canada’s inefficient regulatory oversight of natural resource projects.
For the natural resource industries, last week’s budget was, very simply, the most significant policy change in decades. Canada has identified a chronic competitive weakness and is moving to fix it. At the Canadian Chamber of Commerce, where we have identified regulatory inefficiency as one of the top 10 barriers to Canadian competitiveness, we welcome this move.
Currently, a whole crowd of federal agencies is involved in assessing a project. Because Parliament has established independent processes under different statutes — the Fisheries Act, the Species at Risk Act, the Navigable Waters Act, the Migratory Birds Convention Act, to name a few — there is little effective co-ordination. Every review must be carried out to ensure the legality of a licence. Each can require slightly different information, and proceed on different time frames.
This regulatory “scrum” frustrates both project proponents and the officials who have to administer it. Even once they have emerged with a federal permit, project proponents aren’t finished.