A couple of things need to be said about that article...
First of all, it was mis-titled. The title suggests that the conservatives would 'ban' embryonic stem cell research for several years. But if you read the article, it shows the title is misleading. The conservatives would not 'ban' embryonic stem cell research, they would simply stop federal funding; privately funded labs could continue doing any research they wished.
Secondly, while I don't necessarily like the idea that this decision may have been made with religous ideals in mind, ultimately its not such a bad decision. Adult stem cells have been used in research for decades, and have actually gotten to the point where many diseases are being treated with them. So far, embryonic stem cell research has had, shall we say, less success. (Actually, embryonic stem cells tend to turn into cancer when used.) Given the fact that we have only limited money to spend on research, we should direct our funding to areas that show the most promise, and that would be adult stem cells.
And while I don't like the idea of religion affecting policies relating to science, it should be noted that the conservatives aren't the only ones who have trouble separating fact from fiction. The Ontario Liberal government recently passed a law supporting acupuncture, thus proving that all sides are guilty of 'woo' thinking.
http://www.ontla.on.ca/library/bills/382/50382.htm