Yes, and I think the equivalency provisions or the substitution provisions will depend on where the federal government has determined that the provincial process is deemed to be equivalent and sufficiently robust, as I think it is in Quebec and British Columbia. It is an opportunity for those provinces to be able to make decisions about developments independent of the federal government. I think it's an incentive for provinces whose systems may not be equivalent to improve their legislation. I know that some governments, like Manitoba, are already looking at what they need to do to make sure their systems of environmental assessment are sufficiently robust so that they can carry them out independently of the feds.
On May 28th, 2012. See this statement in context.