 |
Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | ||
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | ||
|
Mars US • 173 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.741 | +0.007 | +0.26% |
|
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | ||
|
Girassol • 1 day | 89.90 | +0.45 | +0.50% | ||
|
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
|
Peace Sour • 1 hour | 76.01 | -0.55 | -0.72% | ||
|
Light Sour Blend • 1 hour | 79.06 | -0.55 | -0.69% | ||
|
Syncrude Sweet Premium • 1 hour | 86.01 | -0.55 | -0.64% | ||
|
Central Alberta • 1 hour | 76.41 | -0.55 | -0.71% |
|
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | ||
|
Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | ||
|
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | ||
|
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
Breaking News:
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Canada Plans Single Agency To Oversee Big Energy Projects
In a bid to modernize environmental assessment and regulatory processes and regain public trust in agencies, Canada is proposing to establish a single government agency responsible for assessments of federally designated projects, a move that could potentially help calm protests that have been stalling major energy projects.
Now Canada has three major federal regulatory bodies that are involved in environmental assessments of projects: the Canadian Environmental Assessment Agency, the National Energy Board, and the Canadian Nuclear Safety Commission.
“This is all about rebuilding public trust in how we make decisions on major projects that are important to our economy,” an official told Reuters on the condition of anonymity.
According to the official, Canada is mulling over empowering the Canadian Environmental Assessment Agency with the overall responsibility to review the projects, while the government will have the final say in deciding if a project will go through.
Canada’s Minister of Environment and Climate Change, Catherine McKenna, said in the government discussion paper and call for inputs:
“The environment and economy go hand in hand. That’s why our government will deliver environmental assessment and regulatory processes that regain public trust, protect the environment, support reconciliation with Indigenous peoples and ensure good projects go ahead that get resources to market sustainably.”
Related: The Downturn Is Over, But U.S. Oil Companies Face A Huge Problem
According to British Columbia’s oldest public interest environmental law organization, West Coast Environmental Law, “The government has fallen short of the next-generation assessment principles agreed to by environmental assessment experts, Indigenous peoples, environmental groups and the general public across the country.”
“Instead, the government has proposed maintaining the status quo of politicized decisions made behind closed doors, decisions that would allow short-term economic gains to trump human and environmental health,” Staff Counsel Anna Johnston said in the press release.
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By Tsvetana Paraskova for Oilprice.com
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Tsvetana Paraskova
Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.
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Marpy on July 02 2017 said:You can not reason with organizations like "West Coast Environmental Law" that have already made up their minds on the resource development. To them, resource development is bad under ant scenario and should never go ahead. government and the public need to realize this and move on. As public opinion is varied, any organization that claims to represent the public should set alarm bells ringing.
Marpy on July 02 2017 said:
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