By Amir Bahman Radnejad and\u00a0 Brenda Nguyen The Canadian government\u2019s discussion paper, Getting Major Projects Built in Canada, represents a significant and long overdue shift in how it approaches major infrastructure and energy development. After years of slow, fragmented and unpredictable project approvals, the recognition that Canada\u2019s regulatory system has undermined competitiveness and discouraged investment is both accurate and welcome. Investor surveys in Canada\u2019s resource sector consistently identify regulatory uncertainty and approval delays as major deterrents to investment. If implemented effectively, the proposed reforms \u2014 particularly efforts to reduce duplication, co-ordinate consultations, establish clearer timelines and move toward a \u201cone project, one review\u201d framework \u2014 could enhance Canada\u2019s appeal to energy investors and move the country closer to its ambition of becoming an \u201cenergy superpower.\u201d But regulatory reform alone won\u2019t… <\/p>\n
By Amir Bahman Radnejad and\u00a0 Brenda Nguyen The Canadian government\u2019s discussion paper, Getting Major Projects Built in Canada, represents a significant and long overdue shift in how it approaches major infrastructure and energy development. After years of slow, fragmented and unpredictable project approvals, the recognition that Canada\u2019s regulatory system has undermined competitiveness and discouraged investment is both accurate and welcome. Investor surveys in Canada\u2019s resource sector consistently identify regulatory uncertainty and approval delays as major deterrents to investment. If implemented effectively, the proposed reforms \u2014 particularly efforts to reduce duplication, co-ordinate consultations, establish clearer timelines and move toward a \u201cone project, one review\u201d framework \u2014 could enhance Canada\u2019s appeal to energy investors and move the country closer to its ambition of becoming an \u201cenergy superpower.\u201d But regulatory reform alone won\u2019t... <\/p>\n