From Fox Business: the Canadians embrace federalism.
The Canadian government released details Tuesday of its plan to dramatically streamline reviews for big energy and mining projects, capping the timeline for federal reviews and ceding more regulatory oversight to the country’s provinces.
The Conservative government of Prime Minister Stephen Harper has said for months it would move to speed up the regulatory review of big energy, mining and infrastructure projects. It has expressed frustration at the sometimes-lengthy review timelines for big projects.
Mr. Harper’s government said in its annual budget announcement last month that it would cap federal reviews. Resources Minister Joe Oliver released details Tuesday, saying that federally-led hearings would be applied only to major initiatives that risk some environmental harm.
Further, the government said it was prepared to hand over more responsibility for the review to Canadian provinces, so long as their regulations meet or exceed federal standards. Canadian provinces already enjoy considerable regulatory oversight.
“It is counterproductive to have the federal and provincial governments completing separate reviews of the same project,” Oliver said in a speech in Toronto.
[…]The government had previewed in its budget last month that reviews for major projects would be limited to 24 months. Meanwhile, regular inter-provincial pipeline reviews, as conducted by the National Energy Board, would be limited to 18 months.
Oliver said Tuesday that Enbridge Inc.’s (ENB) proposed Northern Gateway pipeline – which envisions shipping oil from Alberta to Canada’s West Coast — would benefit from the quicker review. The line has been mired in stiff opposition from native groups in British Columbia, and the government has accused foreign-funded environmental groups of tying up the project in regulatory hearings. Government officials said the new rules would also limit who could participate as intervenors in the review process.
[…]In Toronto, Oliver said the current process is unworkable, with over 40 federal departments involved in reviews. He said he would pare that back to only three federal agencies: the Canadian Environmental Assessment Agency; the National Energy Board; and the Canadian Nuclear Safety Commission.
The Canadian process, as it stands, forces investors to go “through hoops and hurdles as far as the eye can see,” Oliver said. “We simply have to turn that around.”
Canadians don’t want to scare businesses away from Canada – they want the jobs to come to Canada. That’s the exact opposite of what Obama’s socialist “Environmental Protection Agency” does – they regulate energy development, in order to block it or slow it down.
And Canada lowered corporate taxes to 15% compared to our 35% – and their revenues held steady.
They cut their corporate tax rate, but then businesses saw the lower rate and just kept on expanding in order to make more money. As businesses grow, they pay more in taxes. So government revenues from taxes haven’t dropped at all, even with the lower corporate tax rates! More businesses moved in to Canada to capitalize on the lower tax rates, generating revenue for the government. More workers moved off of unemployment and welfare as demand for labor grew, and they started paying income taxes and sales taxes, generating even more revenue for the government. Do you know what makes consumers more confident, so that they spend more? Having a job. Not being dependent on government.
Look at their unemployment rate:
When we embraced “stimulus” spending, they went for the corporate tax cuts. Our unemployment rate used to be LOWER than theirs, before Pelosi and Reid took over Congress in January 2007. Now we are HIGHER than they are. That’s not rhetoric – that’s data. Even though Canada’s economy is linked to ours, and has suffered as a result of that, they have been signing free trade deals left, right and center. They did this in order to decouple themselves from our collapsing economy, massive debt and devalued currency. Barack Obama, of course, opposes free trade. He has to – he’s in the back pocket of the socialist labor unions.
Free trade empire: (click for larger image)
What a contrast Canada’s energy policy makes with Obama’s politicized “Cash for Cronies” energy policy. But then again, Canada hired a conservative right-wing capitalist economist to run their country. We could have just done the same and put in economists like Thomas Sowell or Walter Williams to run our economy, but we put in an unqualified community organizer instead.