{"id":1101352,"date":"2019-02-22T00:04:20","date_gmt":"2019-02-22T00:04:20","guid":{"rendered":"http:\/\/resourceworld.com\/?p=54953"},"modified":"2019-02-22T00:10:30","modified_gmt":"2019-02-22T00:10:30","slug":"flawed-bill-c-69-risks-worsening-plunge-in-resource-sector-investment-c-d-howe-institute","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1101352","title":{"rendered":"Flawed Bill C-69 Risks Worsening Plunge in Resource-Sector Investment: C.D. Howe Institute"},"content":{"rendered":"

\"\"<\/a>Bill C-69 threatens to further depress investment in the natural resources sector and delay projects by unnecessarily exposing them to political risk, says a new report from the C.D. Howe Institute.<\/p>\n

The planned investment value of major resource sector projects plunged $100 billion between 2017 and 2018, note Grant Bishop and Grant Sprague, authors of \u201cA Crisis of Our Own Making: Prospects for Major Natural Resource Projects in Canada<\/a>.\u201d This plunge is equivalent to 4.5 percent of Canada\u2019s gross domestic product.<\/p>\n

With investment in Canada\u2019s resources sector already depressed, the federal government\u2019s proposed Bill C-69 could further discourage investments by congesting the assessment process with wider public policy concerns and increasing political uncertainty. Proponents of major projects may perceive additional political risks because of a lower threshold to trigger political decision-making and a highly subjective standard for project approval.<\/p>\n

\u201cThe crowding of policy debates \u2013 for example, over Canadian policy for reducing greenhouse gas emissions \u2013 into project-specific determinations risks significantly prolonging the assessment process and exacerbating uncertainty for project proponents,\u201d say Bishop and Sprague.<\/p>\n

The report recommends the federal government:<\/p>\n