Analysis: Why Mark Carney should resist oil sands industry demands to scrap environmental regulations
By
Max Fawcett
Summary
The article discusses how Mark Carney, as a potential future prime minister, should resist pressure from oil sands executives like Cenovus CEO Jon McKenzie who are demanding the removal of environmental regulations (Impact Assessment Act and tanker ban) in exchange for carbon capture investment. The author argues that capitulating to these demands would be politically and pragmatically unwise, as removing regulations wouldn't actually clear the way for development and would invite public and legal backlash similar to what sank the Northern Gateway pipeline project.
Source
bskyAnalysis: Why Mark Carney should resist oil sands industry demands to scrap environmental regulationsnationalobserver.comKey quotes
· 4 pulledCenovus CEO Jon McKenzie gave a big speech at the Global Energy Show in Calgary this week. Its message to both Carney and Smith was clear: the industry intends to squeeze them.
Carney surely knows he can't capitulate to their demands, if not for obvious political reasons then at least for purely pragmatic ones.
Removing the Impact Assessment Act and tanker ban wouldn't clear the way for development, as these companies still seem to believe.
If anything, it actively invites the very public and legal backlash that helped sink projects like Northern Gateway the last time a federal government tried.
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