Mr. Speaker, I want to thank the hon. member for Calgary Rocky Ridge for his question.
Through Bill C-69, we are delivering on a promise to Canadians to review and streamline our environmental review and regulatory processes. We know that this legislation will put in place better rules to protect our environment, fish, and waterways and help rebuild public trust in how decisions about resource development are made, all while strengthening investor confidence and advancing indigenous reconciliation. How? It is by implementing a single, integrated and consistent approach based on the principle of one project, one review, and by ensuring that good projects move forward in a predictable and timely way.
Indeed, Bill C-69 would tighten timelines, eliminate overlap among review panels and make government more accountable. This new approach would also help to diversify Canada's energy markets, expand our energy infrastructure and drive economic growth. That is what Bill C-69 would do. lt is about ensuring that the economy and the environment go hand in hand. That was our vision behind Bill C-69 and the reason for creating a new Canadian energy regulator to replace the National Energy Board.
We want to create a new federal regulator that reflects Canada's changing energy needs, with an expanded mandate, greater diversity and enhanced powers. This is important. and frankly overdue, because the NEB's structure, role and mandate have barely changed since it was created in 1959. We need a modern regulator to integrate Canada's energy, economic, environment and climate goals, and at the same time, renew Canada's relationship with indigenous peoples.
All of these things are clearly illustrated in our government's comprehensive response to the Federal Court of Appeal's decision on the Trans Mountain expansion project. We instructed the National Energy Board to reconsider its recommendations on the project to include the effects of marine shipping related to the pipeline's expansion. We relaunched our government's phase III consultations with indigenous groups affected by the project. These actions are among the things that make Bill C-69 transformational: earlier public consultations and indigenous engagement, greater collaboration with the provinces and territories and decisions based on science.
Through all of these measures, we can create a Canadian energy sector for tomorrow's clean economy, one that is globally competitive, attracts investments and ensures that we are developing and transporting our energy responsibly. These are all things that Canadians have told us were important to them. Bill C-69 shows that we were listening.