Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

May 16, 2018 | Not Too Late for Trudeau to Spare First Nations Unwanted Impacts of Bill C-69

Stewart Muir is founder and executive director of the Resource Works Society, a Vancouver-based group open to participation by British Columbians from all walks of life who are concerned about their future economic opportunities. He is an author, journalist and historian with experience on three continents including a financial editor of The Vancouver Sun responsible for mining and markets coverage. Since Resource Works was established in 2014, the group has gained international recognition for its practical approach to the public challenges of responsible natural resource development and use.

Improve Canada’s energy project process as needed, argue these experts, but be cautious with federal legislation that puts energy security at risk.

post-image.jpgHydrotechnical expert Wim Veldman, a 40-year veteran of project approvals, has argued that the government has not made its case for dramatic changes contained in Bill C-69. Among other questions, in a new paper he asks whether replacing the internationally respected and stringent National Energy Board review with an untested, multi-headed process can result in better projects.

He says First Nations will suffer the most because of restrictions on northern and rural prosperity when federal bans and moratoriums on
tankers and drilling that impede economic opportunities.

Weldman has set out a 10-point vision, articulated in this paper (PDF download), including Canadian energy independence by 2030:

  1. Canada to be energy independent by 2030.
  2. Lift the federal ban and moratorium on tankers and Arctic drilling.
  3. Maintain the NEB. The Government’s Expert Panel (2017) stated “…the NEB is respected internationally” and that “benchmarking has placed Canada among the most stringent regulatory regimes.”
  4. Minimize Political Influence. The Panel reported that in most cases the public did not object to the NEB’s decisions but to the opaque nature of “…decisions rendered by cabinet which are protected by cabinet confidence.”
  5. List Directly Impacted Stakeholders. Criteria and list to be jointly established by the NEB the federal government. Agree to the timing, and type of each consultation step.
  6. Limit Hearing Participation and Funding to Directly Impacted Stakeholders. All others may submit their views in writing at their own cost.
  7. Majority Rules. It is not reasonable that the opinions of one or two First Nations can overrule the plus 40 groups that support Trans Mountain Expansion. The same held true for Northern Gateway.
  8. Establish an Independent Review Board for the NEB process. A check and balance on NEB’s review steps. Their report would be included in the NEB decision.
  9. Enhance transparency of the NEB’s and government’s decisions. Include layman summaries.
  10. Publish a follow up on NEB’s Approval Conditions every six months until operations commence.

In May 2018, Bill C-69 is at Committee stage following its first two readings. In recent testimony, Environment Minister Catherine McKenna stated:

“Overwhelmingly, Canadians want us to restore public trust in the way the federal government makes decisions about major projects such as mines, pipelines, and hydro dams. When it comes to resource development, you can’t get very far if people don’t trust the rules and the way governments make decisions. The same goes for companies. They need to know what’s expected of them from the start and that the process will be predictable, timely, and evidence-based.

It’s far from obvious that the foreign-funded activist groups that spent millions defaming Canadian regulatory processes to get us to this point will conduct themselves any differently in future, whether or not the “reforms” of Bill C-69 are implemented.

The likeliest outcome is that activists will continue to set aside national interest, including the aspirations of First Nations, when it comes time for them down to tear down Canadian institutions afresh next time a major project moves through the decision process.

Weldman’s 10-point-plan is something to consider for those concerned about the implications of discarding an energy regulation system that has been constructed over decades and is imbued with a vast amount of lived experience.

Ultimately, it’s a question of energy security. If Bill C-69 fails to take back the independence of decision making from foreign influence, our long-term success as a country is at stake.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

May 16th, 2018

Posted In: Resource Works

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.