This amendment would add after line 11 on page 7:
18.1 The Act is amended by adding the following after section 31:
31.1 Decisions of the Regulator respecting offshore petroleum projects and offshore renewable energy projects must be made no later than two years after it begins its review of the project.
One thing we hear regularly is that extended timelines and a lack of certainty for investors and proponents who want to build, regardless of technology, are of paramount concern to them. They want to see more certainty. I think prescribing a two-year window would give a decent amount of time to do the review, and it would definitely put a target date on it, so there would be some certainty for investors. I think it's a good idea to put more certainty on it, because otherwise people are going to go build in friendlier waters. Pardon my pun.