Noia is disappointed with the passing of Bill C-69, the new federal legislation outlining a new assessment process for major projects.

CEO Charlene Johnson says their concerns were not addressed and that the federal government failed to develop an assessment process that provides clarity to investors.

The fear is that the new legislation will stall some projects and force investors elsewhere.

Johnson says joint management of the offshore, the impact on short-term activities like exploration wells, ambiguity on the process and timelines remain key concerns.

Noia says the provincial government has indicated a clause-by-clause review of the legislation will occur and that whatever measures necessary to protect joint management will be undertaken.

A process to develop a regional assessment for exploration wells is underway. While Noia still wants to see exploration wells removed from the designated project list, it will work with government and the implementation committee on establishing that assessment process.

@NoiaNL CEO Charlene Johnson issued a statement today about the passage of #BillC69. Learn more about what it means and where we go from here: https://t.co/invJTMfIPA#ImagineThePotential

— Noia (@NoiaNL) June 21, 2019