The Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.
MONTREAL – Quebec’s reputation as one of the most mining-friendly places in the world is taking a beating as exploration companies sound the alarm over stringent new government regulations they say could scare away at least $1-billion in investments.
Quebec is pushing ahead with proposed new legislation that would force exploration companies to win approval from local and municipal authorities for their projects.
The proposed law – Bill 14 – means companies would have to deal with a third level of regulation for their projects besides federal and provincial rules.
It also spells potential chaos as small and medium-sized companies try to navigate the uncertainty of dealing with individual municipalities which have their own local standards, say industry officials. Continue Reading →