Think tank analysts weigh in on federal critical minerals strategy
With the release of its Critical Minerals Strategy, Ottawa has officially jumped on the bandwagon in acknowledging that Canada can provide the world with the natural resources needed to make the transition to cleaner technologies and create net-zero economies.
The panellists called the strategy a "good first step" in government documenting a vision and providing a clear signal with well-defined initiatives, all backed by $3.8 billion in funding. These are good news stories on the downstream manufacturing end of the strategy, said Kucharski. "The mining is another issue, of course."
It means putting more mines into production that don’t yet exist, said Heather Exner-Pirot, also a senior fellow at the MLI. There are overlap and redundancies between federal and provincial regulatory processes, she said, and the act has only “aggravated that.” Kucharski said there are “structural impediments” in Canada to execute on any major projects, not just in mining.
What often prolongs the environmental review process, he said, is extensive consultation with people who aren't directly impacted by these projects. "Yes, we need to do that, but it doesn't send the right message to investors," implying that the process will take longer and be more complex.
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