Analysts at CIBC Capital Markets say they don’t expect the private sector to take the lead on a new West Coast oilsands pipeline so long as the British Columbia government and First Nations are opposed.
“The requirement to consult with B.C. and indigenous groups is necessary and logical,” they wrote in a report Friday, a day after the Alberta and federal governments signed a memorandum of understanding on a wide range of energy policy issues.
“The MOU does not contain anything resembling judicial reform and therefore seems to rely on the Building Canada Act and the pre-existing duty to consult indigenous Peoples to avoid endless legal challenges.”…