The government's bill to change how major projects like pipelines are reviewed would drive away investment says CAPP. Bill C-69 is a piece of proposed legislation that would rewrite how major infrastructure projects, including oil and natural gas pipelines, are reviewed and approved. Unfortunately, notes Tim McMillan of the Canadian Association of Petroleum Producers (CAPP), the legislation as currently written is flawed. Without changes, the bill could lead to increased complexity and uncertainty in Canada's regulatory system, inviting more legal challenges and eroding investor confidence. The result would be lost investment to Canada, leading to serious economic and job losses.
Bill C-69 is currently before Canada's Senate for review. CAPP has proposed a series of amendments to address the bill's flaws, and in this video courtesy of Government of Canada, McMillan discusses CAPP's recommendations and the importance of getting this critical piece of legislation right.