'Historic moment' approaches for resource sector, but it likely won't be celebrated - Stewart Muir

The Canadian government needs should stop picking winners and losers in the resource sector, said Stewart Muir, founder and CEO of Resource Works. On Thursday Muir spoke to Kitco Mining. Muir said the resource sector is challenged by regulations. He points out the growing regulatory burdens, referring to the "pancaking effect" where new regulations continuously pile on top of existing ones, complicating the project approval process. He emphasizes that streamlining and harmonizing regulations are essential to keeping projects feasible.Regarding critical mineral strategies adopted by governments, Muir wishes governments would be less selective. "You've got an ice rink, and you've got teams that play there," said Muir "One wins, one loses. But you're not going to have a good game unless a Zamboni driver has gotten out there and cleaned that ice. We have a tendency for governments to pick the winners and losers."Asked to pick a key milestone over the next 12 months, Muir pointed to the LNG plant in Kitimat. "I think that the day that the first ship sails from the port of Kitimat sometime, probably in 2025, with a load of Canadian LNG for wherever it's going, that will be a historic moment," said Muir. "It will also be a boatload of money. it's such a huge win. The people who should have been out celebrating it—those in government—they didn't want to take the win on that. They deserve credit for it. But they didn't want to take it, which is a sad comment on, on perceptions of the public sentiment on these issues." Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.