Ottawa’s murky environmental rules are parking foreign investment in Canadian resource projects, says analyst – SN News Watch
October 31, 2023
Overreaching, unconstitutional Impact Assessment Act has Ontario on the offensive to expedite project approvals
Quiet quitting became a cultural buzzword during the pandemic for workplace passivity and resignation. That lethargy now extends to investment in Canada’s natural resources sectors too, said Heather Exner-Pirot.
The mere mention of the federal Impact Assessment Act (IAA) to U.S. firms with Canadian projects can trigger mocking comments like the “Don’t Invest in Canada Act” and “banana republic,” said Exner-Pirot, director of natural resources, energy and environment with the Macdonald-Laurier Institute, a national public policy think tank.
“There is quiet quitting. People are walking away from investing in Canada,” said Exner-Pirot.
