A new report by the Vancouver-based Fraser Institute says every effort should be made to expedite pipeline project reviews because continuing delays are costing Canada’s economy and governments billions a year.
It’s what the former Conservative government and the current U.S. government did to rescue energy projects from regulatory and legal jams orchestrated by a growing cadre of opponents.
It would require Justin Trudeau’s Liberal government to back up on hurdles just put in place, such as more consultations on the two major proposed pipelines still in play – the TransMountain expansion and Energy East – aimed at restoring trust in regulators.
Complicating matters is that the Prime Minister painted himself into a corner by making ambitious climate change commitments that will be tough to square with oil pipeline approvals, and raising expectations among Canada’s First Nations that no ask is too great.
And yet the path forward proposed in the report by senior director Kenneth Green and senior fellow Gerry Angevine, is a sensible one to clear up pipeline bottlenecks that are depressing Canadian oil prices by 20 to 30 per cent.
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