Quebec Mining Law Reform Mired in Politics

The Globe and Mail reports that changes to Quebec’s mining law are no closer, after opposition parties in the National Assembly shot down the Parti Quebecois’s Bill 43 — the third mining reform to be killed in nearly four years.

As quoted in the market news:

The extensive powers the bill would have given to the minister of natural resources, who would have held a veto on all mining projects, were denounced as arbitrary by both mining executives and environmentalists, who feared lobbyist pressures. But it was also payback time for the Liberals. Their own mining reform was stalled by Natural Resources Minister Martine Ouellet when she sat in opposition; after countless hours of parliamentary work, the bill died when provincial elections were called.

Click here for the full article in The Globe and Mail