Balancing economic development and environmental protection – Canada reviews Impact Assessment Act

Canada’s Resource Sector Optimistic About Investment After Supreme Court Ruling

The federal government is working to amend the Impact Assessment Act to align the proposed law with a Supreme Court ruling, which found some portions of the Act unconstitutional. “The decision is going to cause them to maybe adjust, tweak or have some sober second thoughts,” explained Partner Alan Harvie in an interview with the Wall Street Journal. Industry experts see this as an opportunity for investors to revisit opportunities in resource-rich Canada once the government adjusts its approach, balancing the need for environmental protection with the potential for economic development. Read the article for more information.