In the news
New legislation for Canadian projects has been proposed to respect Indigenous rights, protect our environment, fish and waterways, rebuild public trust and strengthen our economy.
Protecting the environment and growing the economy go hand in hand. With this proposed legislation, Canadians, companies, and investors would be able to have certainty that good projects can move forward, creating jobs and building a stronger economy, while ensuring the environment is protected for future generations.
What’s new for energy projects?
The new Canadian Energy Regulator would be a modern energy regulator to help oversee a strong, safe and sustainable Canadian energy sector as we transition to a low-carbon economy. This new regulator would help to restore investor confidence, re-build public trust and advance Indigenous reconciliation — all while ensuring good projects go ahead and our energy resources get to markets responsibly.
The Impact Assessment Agency of Canada would oversee a single, predictable assessment process by reviewing a project’s affect on the environment, health of communities and Indigenous people, jobs and the economy.
Why is this important for industry?
These modernized agencies would see projects built efficiently through greater transparency, predictability and timeliness in decision-making through:
- Effective governance
- Inclusive engagement
- Project selections which boost investor confidence
- Responsible development of energy resources
- Maintaining global competitiveness
- Safety and environmental protections
Clear criteria for companies seeking regulatory approval would improve project timelines and avoid duplication through the early planning and coordination with provinces, territories and more inclusive and earlier engagement with Indigenous people.
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