What the Building Canada Act does is not just related to impact assessment. As I mentioned, the Impact Assessment Act is just one part of the regulatory framework that applies to major projects. As I understand it, the objective of the act is to provide that upfront certainty to investors on the outcomes of the process and to streamline multiple processes, of which the Impact Assessment Act is only one and not necessarily always implicated in a project that might be listed under the Building Canada Act.
It would be to streamline those multiple requirements into one decision and one conditions document in a two-year process.
