In April, the Quebec legislature passed Bill 21 . The law, which has received Royal Assent and will come into force as soon as regulations are promulgated, makes Quebec the first North American jurisdiction to ban hydrocarbon exploration and production.
“If this law is upheld, it is a direct threat to individual property rights, a massive expropriation and a wrong signal to investors around the world,” said Mario Lévesque, chief executive of Utica Resources, which controls 20 per cent of all oil and gas claims in Quebec. “I did not believe that Canada would be a place where this could happen.”
Nevertheless, the legislation essentially ensures that the 20 per cent of Canada’s natural gas reserves that sit in Quebec will remain stranded at a time when the global demand for gas has never been higher.Article content
Quebec should also reimburse Alberta for the $billions of equalization resource revenue the pilfered over several decades.
Bill 21 isn’t a language law, it’s a secularism law? Bill 96 is the language law…
This is expropriation and has only ever happened previously in third world banana republics. The Federal government should be stepping in as this seriously undermines Canada's reputation as a democracy where the rule of law can be counted on.