Justin Trudeau’s Canada has just become grim.
This is about building pipelines, Trudeau kept bragging that he approved two pipelines, but one just pulled out.
The Financial Post says it best:
Investor confidence has drastically eroded due to a host of anti-development policies, including the new tanker moratorium off British Columbia’s northern coastline, emissions regulations, B.C.’s attempts to restrict Alberta oil, and the uncertain application of the United Nations Declaration on the Rights of Indigenous Peoples, which the Trudeau government has indicated it supports and raises yet more barriers to infrastructure projects.
Then came the full-on stake to the heart to the moribund patient: the federal government’s proposed Impact Assessment Act, Bill C-69, brainchild of Catherine McKenna, minister of environment and climate change, and Jim Carr, minister of natural resources. Among other poison pills, it mandates an evaluation of a proposed pipeline’s upstream and downstream emissions, including emissions from cars burning Canadian gasoline. Perversely, it exempts foreign fuel imported by tanker, thereby advantaging our foreign competitors. So damaging are these regulations to Canada’s energy sector, they could have been drafted by Saudi Arabia or Leonardo DiCaprio. Or even Gerald Butts.