BY CATHERINE BROWNLEE, PRESIDENT OF ALBERTA ENTERPRISE GROUP (AEG), CALGARY AND EDMONTON CHAPTERS
No thanks to the federal Impact Assessment Act or Bill C-69 – even with a global energy crisis and the world pleading for Canada’s responsibly and sustainably produced natural resources, Canada, according to the Organization for Economic Co-operation and Development (OECD), is on track to have the worst performing economy of the G20 over the next 10 years. Our organizations – the Alberta Enterprise Group and ICBA Alberta – are in the Supreme Court of Canada, supporting the Government of Alberta and almost all other provinces and territories in their fight against the federal government’s Impact Assessment Act.
This is most apparent in the case of liquefied natural gas (LNG). The USA and Canada stood together on the starting line in 2013, both considering how to launch an LNG industry in their respective countries. A decade later, the USA now stands as the largest exporter of LNG in the world, while Canada remains at least two years away from exporting any measurable volume of LNG. In the time Canada took to approve and build one LNG export facility, the United States approved and built seven LNG export facilities and has five more under construction with an additional 15 approved.