11:02:29 EDT Thu 02 May 2024
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TC Energy Corp
Symbol TRP
Shares Issued 1,037,487,829
Close 2023-10-13 C$ 47.90
Market Cap C$ 49,695,667,009
Recent Sedar Documents

NP says Enbridge, rival see Impact Assessment Act nixed

2023-10-16 07:42 ET - In the News

See In the News (C-ENB) Enbridge Inc

The National Post reports in its Saturday, Oct. 14, edition that the Trudeau government has said it will make amendments to the Impact Assessment Act, which was ruled unconstitutional by the Supreme Court of Canada on Friday because it goes beyond the federal government's powers. The Post's Ryan Tumilty writes that the government, however, said it intends to move forward with the law. The 2019 law, dubbed the "no more pipelines act" by its critics, overhauls Ottawa's role in major natural resources projects, allowing it to consider numerous new potential impacts, such as climate change and gender equity, when assessing oil and gas projects, mines, power plants and other kinds of major projects. The Alberta government challenged the law, arguing that it interfered in areas outlined as provincial jurisdiction in the Constitution. The Alberta Court of Appeal found in 2022 that the act went beyond the federal government's powers, leading to Friday's Supreme Court decision. In a 5-2 decision, the Supreme Court found that the law could apply to projects on federal land or those receiving federal financing, but said the federal government was acting outside of its jurisdiction if it used the law more broadly.

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