Canada offers transparency to investors as it revamps environmental laws

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Anti-mining rally in northern Ontario

In Toronto, Ontario, Wayne Moonias of Neskantaga First Nation and Jacob Asterman of Kitinumaikoosib-Ininuug First Nation and their supporters rally in front of the Ontario provincial legislature. Protest Ontario Premier Doug Ford’s policy of developing mines in the region without their input. , Canada July 20, 2023…. License Rights Obtained read more

Oct 26 (Reuters) – Canada’s government on Thursday released interim guidance on a key environmental law that is being revised, after the Supreme Court ruled the law was largely unconstitutional, giving companies the chance to avoid nonconformity. It added some clarity after warning that certainty could discourage investment.

Earlier this month, the Supreme Court of Canada struck down large parts of the Impact Assessment Act (IAA), the federal law that assesses how major projects such as coal mines and oil sands plants impact the environment, and Prime Minister Justin Trudeau It was a blow to the government.

In its ruling, the court said the federal government had overbroadened the IAA’s scope by including and specifying certain projects that would normally fall under state jurisdiction.

“While we are working to make targeted amendments to bring the IAA into line with the Supreme Court of Canada’s opinion, today’s interim guidance provides clarity for investors and businesses in the interim,” said Federal Natural Resources Minister Jonathan Wilkinson. It is intended to provide.” statement.

The Impact Assessment Agency of Canada (IAAC) will now examine all 23 projects currently under assessment and provide an opinion on whether they impact federal jurisdiction.

IAAC says consultation with Indigenous communities continues and project proponents can continue to share information to advance assessments, but the federal government has discretion to designate particular projects as subject to impact assessments. His rights will be temporarily suspended.

The three regional assessments already conducted for the Ring of Fire mineral deposit in northern Ontario and offshore wind projects in Nova Scotia and Newfoundland and Labrador are aimed solely at understanding impacts. , will continue, officials said.

Reported by: Nia Williams Edited by: Margherita Choi

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