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RELEASE: Trans Mountain pipeline expansion and Enbridge Line 3 replacement approval

Vancouver, BC – The Business Council of British Columbia supports the federal government’s decision to approve the Trans Mountain Expansion Project and the Enbridge Line 3 Replacement Program as announcement by Prime Minister Justin Trudeau this afternoon.

“This decision recognizes that the Trans Mountain project and Enbridge Line 3 replacement are in the national interest and that there is a place for Canadian oil in global markets, even as the world shifts toward renewable and lower carbon energy forms and cleaner technology,” said Greg D’Avignon, President and CEO, Business Council of British Columbia.  “Global demand for energy continues to grow and fossil fuels will be a major source of energy for decades to come. Canada’s responsibly sourced and well-regulated energy resources can play an important role in fulfilling this global demand.”

"Kinder Morgan and its existing pipeline, for over 60 years, have been a safe, reliable, and responsible operator, providing benefits to British Columbia through tax contributions, jobs, and spin off business for small and large companies,” said D’Avignon. “We welcome the project’s approval, which will amplify Kinder Morgan’s contribution to British Columbia’s economic prosperity long into the future, and in particular the provisions for First Nations to participate in economic development and improve their economic well-being," added D'Avignon. 

“This decision affirms that through rigorous, independent, transparent and evidence-based regulatory review processes, such as that undertaken by the National Energy Board, Canada can approve large-scale industrial investment,” said D’Avignon. “This is an important message to send in this competitive, slow-growth, global economy, where investors are seeking out jurisdictions that provide regulatory certainty and clarity.”

Links

OPINION EDITORIAL: Without pipelines, Canada's prosperity is on the line 

SPEAKING NOTES: Trans Mountain Ministerial Panel Review Economic Roundtable

RELEASE: BCBC supports NEB decision which provides pipeline safety, supports the BC and Canadian Economies 

About the Business Council of British Columbia

Celebrating its 50th year as the preeminent business organization in the province, the Council has a strong history of providing relevant public policy research and advice on issues to enhance BC’s competitiveness. Since its inception with founding Chair, JE Richardson, then CEO of BC Telephone Company, the Council has been fortunate to have as members major employers from across all sectors in BC’s economy who have played meaningful roles in building British Columbia.

Today, the Council is a source for insight on the BC and Canadian economies and how international trends and domestic policies are impacting our ability to compete in a global economy. Priority areas of focus include: environmental sustainability policies, economic reconciliation with First Nations, innovation, building a competitive tax and regulatory regime, supporting trade and market access, and the development and the attraction of a deep and diverse talent pool. 

Media Contact

Tara Zwaan
Business Council of British Columbia
604-356-5675 (cell)
tara.zwaan[at]bcbc.com