Western Canadian business groups push for natural resource development

Business groups from Western Canada have presented their policy recommendations ahead of a federal election expected this weekend. The councils from British Columbia, Alberta, Saskatchewan, and Manitoba released a paper titled "Untapped Potential — Driving Canadian Prosperity Through Natural Resources." They emphasize the need for policies that will encourage investment and development in the resource sector. Laura Jones, head of the Business Council of B.C., asserted that Canada could become an economic powerhouse by supporting its resource sectors. She noted that current policies are hindering growth and opportunities for future generations. The paper highlights key industries including agriculture, forestry, energy, mining, and aquaculture. The business groups are calling for quicker project approvals, expansion into new markets, and improved trade infrastructure. They also want better consultation processes with Indigenous communities and ways to boost Indigenous involvement in the resource sector. Adam Legge, president of the Business Council of Alberta, stated that regulatory hurdles are holding back the industry. The federal government’s Impact Assessment Act, enacted in 2019 to evaluate the environmental impact of major projects, has faced criticism. Legal challenges have led to amendments, but concerns about regulatory delays remain. Business leaders argue that reducing red tape is essential for attracting investment and creating jobs. As the election approaches, Prime Minister Mark Carney is set to dissolve parliament, triggering the election. This electoral race occurs amid tensions with the U.S. over trade issues and tariffs. While the Liberal Party seeks to maintain a cap on industrial greenhouse gas emissions, Conservative Leader Pierre Poilievre has promised to abolish it and facilitate resource projects. Carney has indicated support for increasing the competitiveness of Canada's oil industry, with a focus on building essential infrastructure like pipelines.