CALGARY, Jan. 9, 2012 /CNW/ - The Canadian Association of Petroleum
Producers welcomes and supports federal Natural Resources Minister Joe
Oliver's call for regulatory reform to improve the federal government's
project review process, which Mr. Oliver described as "slow, complex
CAPP President Dave Collyer said the existing federal regulatory
framework imposes conflicting requirements and creates complex,
uncoordinated processes for the review of projects. This cumulative
regulatory burden is too often characterized by duplication, delays and
incremental costs that undermine economic viability without
contributing to better environmental protection.
"The three broad themes that must underlie regulatory reform are
balancing environmental and economic considerations, improving
governmental coordination and tightening process timelines and
effectiveness," Mr. Collyer said.
Regulatory competitiveness is key to Canada's oil and gas industry
attracting investment capital, growing employment and the economy.
Concerted broadly based regulatory reform is required to advance
Canada's competitive position. Regulatory reform represents a
significant opportunity to improve competitiveness while ensuring
responsible environmental outcomes.
"It is important to look for ways to reduce administrative burdens on
both the public and private sector while improving environmental
performance and providing companies with efficient, timely and
predictable regulatory processes," Mr. Collyer said. "Such an
initiative requires scope and reach across federal departments and
coordination with provincial governments."
In his open letter, Mr. Oliver said, "We believe reviews for major
projects can be accomplished in a quicker and more streamlined fashion.
We do not want projects that are safe, generate thousands of new jobs
and open up new export markets, to die in the approval process due to
CAPP agrees with the natural resources minister that regulatory reform
needs to be addressed with urgency as a matter of Canada's national
The Canadian Association of Petroleum Producers (CAPP) represents
companies, large and small, that explore for, develop and produce
natural gas and crude oil throughout Canada. CAPP's member companies
produce more than 90 per cent of Canada's natural gas and crude oil.
CAPP's associate members provide a wide range of services that support
the upstream crude oil and natural gas industry. Together CAPP's
members and associate members are an important part of a national
industry with revenues of about $100 billion-a-year. CAPP's mission is
to enhance the economic sustainability of the Canadian upstream
petroleum industry in a safe and environmentally and socially
responsible manner, through constructive engagement and communication
with governments, the public and stakeholders in the communities in
which we operate.
SOURCE Canadian Association of Petroleum Producers
For further information:
Travis Davies, Manager of Media Relations
Canadian Association of Petroleum Producers