Madam Speaker, this government is committed to the sustainable and responsible developments of major resource projects in support of a healthy economy for all Canadians. We are working to ensure our energy and natural resource sectors remain a source of good middle-class jobs, prosperity and of course opportunity across the country. We are committed to supporting and promoting the competitiveness of our Canadian companies in order to attract investments, open international markets and get resources to markets.
Should the Alaska to Alberta Railway Development Corporation choose to advance its project through the regulatory system in Canada, our government will work to ensure a timely and predictable review. To help Canada achieve its commitment to a cleaner environment and sustainable economy, we are delivering high-quality environmental and impact assessments openly and effectively. These assessments include contributions from the public and indigenous groups, and all in the goal of enabling the government to make evidence-based decisions about major projects.
The Impact Assessment Act put in place better rules to protect our environment, to rebuild public trust in how decisions about resource development are be made and to ensure Canada remains competitive in the global marketplace. It ensures broad factors are considered in project reviews, including all facets of a project: economic, environmental, social and of course health aspects.
The Impact Assessment Act ensures greater transparency in federal decisions on major projects. The new impact assessment regime means that both science and indigenous knowledge inform decision-making. These changes will increase public confidence that major project assessments can move forward in a timely and responsible way. The Impact Assessment Act streamlines the assessment process and improves coordination with the provinces and territories to reduce red tape for companies and avoid duplicating efforts in reviewing proposed projects.
Under the Impact Assessment Act, all assessments will occur in partnership with indigenous peoples as well as provinces and territories. Canadians will have the opportunity to express their views early and frequently in the process and industry will have more clarity about requirements. Project reviews will be more rigorous and efficient and timelines will be made more predictable.
Our government that knows a clean environment and a strong economy go hand in hand. We will continue supporting good resource projects in Canada in a responsible, transparent and timely fashion, while also ensuring a sustainable future is there for future generations to come.