Ottawa to speed up critical minerals permits in bid to erode China's dominance

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, solar panels and wind turbines. American lawmakers have been debating legislation that could substantially speed up approval times for resource projects.While Canada is home to significant deposits of key minerals, it can take anywhere between five and 25 years to develop them into a mine. This timeline poses a significant challenge to Canada’s dreams of becoming a key player in the U.S.-led drive toU.S.

Permitting backlogs have largely stemmed from underfunding at agencies tasked with approving permits as well as a lack of coordination between the federal government and its provincial counterparts. The 2019 legislation — the Impact Assessment Act — was supposed to reduce permit timelines to a maximum of five and a half years by setting time limits on assessments and approvals, though in practice projects still experience delays well beyond that time frame.

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