Canada will struggle to achieve its environmental goals with current regulatory systems, says report from Business Council of Alberta
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Thursday, June 15, 2023
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However, a new report from the Business Council of Alberta says that with current regulatory review and permitting processes, Canada will struggle to approve, let alone build, what it needs to meet these goals.
Key Points:
- However, a new report from the Business Council of Alberta says that with current regulatory review and permitting processes, Canada will struggle to approve, let alone build, what it needs to meet these goals.
- As a country, Canada needs to invest between $125 and $140 billion every year until 2050 to reach net zero.
- We need the right regulatory system in Canada to attract the capital needed to meet those goals,” says Adam Legge, President of the Business Council of Alberta.
- “However, this capital is not coming to Canada because our approvals and permitting processes are too lengthy and unpredictable.