Conclusion
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The Impact of the Impact Assessment Act
One of the most important impacts of the IAA will be invisible: the potential proposals not presented for assessment because they are deterred by the new law. If the unarticulated goal of the IAA is to make the TMX application Canada’s last pipeline application, there is no need for this IAA process. Just pass a law prohibiting any further pipelines, or announce that the Cabinet will no longer approve any such applications. The negative outcomes of both NG and TMX in the courts will be remembered when potential investors’ lawyers review the IAA. These lawyers will see through the government’s unrealistic expectations, to realize that any new project is unlikely to be approved within a reasonable time, and with finality. Therefore, the main impact of the IAA will probably be to discourage private sector investment in Canadian energy resources.
This law will have to be fixed sooner or later. Why not now?
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My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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