If that logic were reasonable, you would be right that an oil regulator should be relocated in Calgary in the financial regulator should be located in Toronto. But that logic is dead wrong! Just looking at the Kinder Morgan NEB assessment hearings will demonstrate to anyone that the NEB is a captured regulator looking out after the interests of oil barons rather than the citizens of Canada. My concern is that the same thing will be true of the so-called Development Bank. It should not be located in the financial district of Toronto because it too will likely become a captured regulator reflecting the reviews of high finance rather than the needs of Canadian citizens.

My view is that the NEB or its successor agencies should be located in Ottawa and so should the so-called Development bank. Before any projects are approved by either institution, they should be reviewed by fresh eyes - people understand the industries but are not involved in them financial or careerwise.