A coalition of business groups and Indigenous organizations are calling for an overhaul of federal regulations on new technology and infrastructure projects to speed up the process.
the 18-member coalition argued Canada’s process for reviewing and approving new projects is far too lengthy and is thus hurting the country’s chances of achieving its climate goals.
“Canada is not seen as a place that can get projects built—and that has a big cost. If we cannot improve the process, our country will likely lose out on important low or zero carbon initiatives, strategic investments, and tens of thousands of jobs across the country.” “Canada’s existing regulatory review and permitting systems are not up to the challenge of meeting our climate targets,” the letter states. “They are time-consuming, unpredictable, and complex. They don’t always fully enable the necessary engagement and participation of Indigenous communities.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Week Ahead: U.S. interest rate decision; MLS Home Price Index - BNN BloombergA look at what investors will be watching in the upcoming week.
Read more »
U.S. stocks rise before slew of interest-rate decisions - BNN BloombergStocks climbed as traders prepared for a week packed with interest-rate decisions from major central banks. Tesla was poised to set a record winning streak after a rush of positive news for the electric-car maker.
Read more »
In backrooms and on social media, battle rages over law to expand railway competition - BNN BloombergA new rail shipping rule is poised to drive up inefficiency and consumer costs.
Read more »
Glencore makes offer for the steelmaking coal business of Teck Resources - BNN BloombergSwiss company Glencore says it has made an offer to buy the steelmaking coal business of Teck Resources.
Read more »
Crop trader Bunge is said to near deal to buy Glencore’s Viterra - BNN BloombergU.S. agribusiness Bunge Ltd. is near a deal to acquire Glencore Plc-backed Viterra, people familiar with the matter said, creating a giant capable of competing with the world’s biggest agricultural players.
Read more »
Oil slumps on demand woes as Goldman cuts outlook again - BNN BloombergOil extended losses amid persistent concerns around the demand outlook as Goldman Sachs Group Inc. cut its price forecast again.
Read more »