Monday, April 30, 2012

Canada Sets Limits

Petroleum News
By Gary Park

The Canadian government has drawn a clear line between the industry and its foes when it comes to handling regulatory applications for energy projects that are deemed to be in the “national interest.”

Following through on a promise in the 2012-13 federal budget introduced in March, the administration of Prime Minister Stephen Harper has issued the broad strokes of a policy to streamline environmental reviews of major energy and mining projects that it estimates could attract C$500 billion in new investment over the next decade.

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