The amendment is that Bill C-69, in clause 1, be amended by replacing line 22 on page 46 with the following:
the costs and amounts referred to in
The previous act only required the proponent of a project to pay the agency for any costs incurred for prescribed services provided by a third party in any prescribed amounts that are related to the exercise of the agency's responsibilities. Currently, this bill reads that the “Governor in Council may make regulations” and then sets out the two items: one has to do with providing for fees, charges, or levies, and the other provides for the manner of calculating those fees.
The rationale is that, if this section were to be kept and the agency can charge the proponent for whatever it wants, then there is no incentive for the agency to be efficient and effective in its duties. Project proponents and investors need certainty if they're going to invest in the Canadian economy. We've seen that certainty dissipate in Canada. We've seen a flight of capital. The regulatory process needs concrete timelines if we're going to have certainty.
I note that the government pledged that investors will get more certainty and shorter timelines with this legislation. In fact, the timelines here are longer, when you add the planning phase to the assessment phase and all of the discretionary powers the minister has in order to extend and suspend. Clearly this is not an expedited process.
I'll leave it at that.