Canada's Oil, Pipeline Cos. Are Big Winners In New Budget

Law360, New York (March 30, 2012, 3:49 PM EDT) -- Canada will simplify environmental reviews and shorten approval wait times for new energy projects, according to budget documents released Thursday, a big boost for Enbridge Inc., Kinder Morgan Inc. and other companies with plans to export oil to Asia.

The country's 2012 budget includes a handful of provisions to cut through regulatory red tape, remove double review between provincial and federal agencies, and set fixed time frames for approvals.

Companies building major projects are now guaranteed to receive all approvals within two years of filing an...
To view the full article, register now.