A critical concern for all Canadians: CAPP submission on amendments to the Competitors Act

Article content material

CALGARY, Alberta, Sept. 05, 2024 (GLOBE NEWSWIRE) — The Canadian Affiliation of Petroleum Producers (CAPP) at present launched its formal submission to the Competitors Bureau for creating steerage to the federal authorities’s latest amendments to the Competitors Act.

Organizations in Canada must be accountable to reveal their environmental claims are substantiated and credible. Nevertheless, the Competitors Act amendments pair important penalties with no readability on compliance, creating excessive threat for any enterprise.

Article content material

CAPP believes the most effective answer is to repeal the latest amendments as a result of lack of a fulsome session on the problem of environmental representations with respect to the advantages of a enterprise or enterprise exercise.

Nevertheless, CAPP acknowledges the Competitors Bureau doesn’t have the mandate to repair the elemental flaws on this laws and respects the Bureau has a task to play in creating steerage that may hopefully go a way towards mitigating a few of these flaws. With the scope of the session course of in thoughts, CAPP’s submission addresses the technical questions posed by the Competitors Bureau and provides further feedback.

CAPP’s full submission might be discovered on its web site.

Quotes from Lisa Baiton, CAPP President & CEO

“We’re extraordinarily dissatisfied with the Competitors Act’s amendments included in Invoice C-59 disguised as measures towards ‘greenwashing.’ These amendments successfully silence dialogue round local weather and environmental coverage for political beneficial properties, whereas selling the voices of these most against Canada’s oil and pure gasoline sector.”

Article content material

Article content material

“The federal authorities implementing a legislation, with out session, which intrinsically infringes on the flexibility to take part in open discussions on among the most essential points dealing with the nation at present must be a critical concern for all Canadians. We’re unconvinced that any steerage introduced ahead by the Competitors Bureau can present Canadian companies with the boldness to overtly focus on their environmental targets and progress.”

“The federal authorities’s strategy to those amendments have launched a brand new degree of complexity and threat for these trying to put money into Canada. The amendments to the Competitors Act will make it tougher for proponents to talk to Canadians and acquire public help for his or her tasks, notably for these centered on decreasing emissions.”

About CAPP

The Canadian Affiliation of Petroleum Producers (CAPP) is a non-partisan, research-based business affiliation that advocates on behalf of our member firms, massive and small, that probe for, develop, and produce oil and pure gasoline all through Canada. Our affiliate members present a variety of companies that help the upstream business.

Article content material

CAPP’s members produce practically three quarters of Canada’s annual oil and pure gasoline manufacturing and supply roughly 450,000 direct and oblique jobs in practically all areas of Canada. In response to essentially the most not too long ago revealed information, the business contributes over $70 billion to Canada’s GDP, in addition to $45 billion in taxes and royalties to governments throughout the nation. CAPP is a solution-oriented accomplice and works with all ranges of presidency to make sure a thriving Canadian oil and pure gasoline business.

We try to satisfy the necessity for protected, dependable, inexpensive, and responsibly produced power, for Canada and the world. We’re proud to amplify business efforts to cut back GHG emissions from oil and gasoline manufacturing and help Indigenous participation and prosperity.

Article content material