17:01:03 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



TC Energy Corp
Symbol TRP
Shares Issued 1,029,471,588
Close 2023-06-14 C$ 54.44
Market Cap C$ 56,044,433,251
Recent Sedar Documents

Globe says ARC, others keen to speed GHG decisions

2023-06-15 08:29 ET - In the News

See In the News (C-ARX) ARC Resources Ltd (3)

The Globe and Mail reports in its Thursday edition that Ottawa is getting a warning from the oil industry that it needs to make sweeping changes to speed up its regulatory processes, if it hopes to build the infrastructure needed to meet national climate commitments and compete in a low-carbon economy. The Globe's Adam Radwanski writes that the call is delivered in a report titled Future Unbuilt, released by the Business Council of Alberta, which assembled a task force of representatives from companies, organizations and indigenous groups with experience trying to push big projects through environmental assessments. Its recommendations include calls to set firmer timelines for federal regulatory decisions, defer more often to provincial agencies deemed to apply comparable regulatory standards and establish clearer processes for consulting with indigenous communities. It also recommends minimizing third party interventions by people not directly affected by the projects under consideration, and setting up a new body to co-ordinate permitting decisions across federal departments. The report is likely to be met with suspicion by environmental groups; companies involved include Shell, ARC Resources, TC Energy and Enbridge.

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