In May our government made an historic announcement to support the hard working men and women in Alberta’s energy sector. Our government acted decisively to end the $15 billion per year shortfall in what Canadians are paid for our oilsands product due to a lack of market access to new trading partners. We ensured that the Trans Mountain pipeline project will be built.
In response to the ongoing efforts by opponents to frustrate and delay the Trans Mountain pipeline project, Finance Minister Bill Morneau announced that the Government of Canada will purchase the project for $4.5 billion and that construction will begin this summer. In the future, as the value of this project continues to grow, our government will work with investors to transfer the project and related assets to a new owner – or owners – in a way that ensures the project’s construction and operation will proceed. Make no mistake, this is an investment in Canada’s future.
Trans Mountain has filed a six-month construction schedule with the National Energy Board for the expansion of the pipeline. It will begin in July to develop the Westridge Marine Terminal tunnel portal at Burnaby Mountain and relocate existing infrastructure to expand the Burnaby Terminal. It also says work on a 290-kilometre stretch of pipeline between Edmonton and Jasper National Park will start in August, and in September, surveying, staking and flagging the right-of-way will begin in North Thompson, B.C., on a 120-kilometre stretch between Mt. Robson Provincial Park and Blue River.
The Government of Canada first approved the Trans Mountain Pipeline, after it underwent the most rigorous environmental assessment in Canadian history, because building it is in the national interest. Building this pipeline will create 15,000 jobs during construction and 440 jobs per year after that. Each of those jobs is an individual and family that will be able to put food on the table. Allowing those jobs to disappear, and letting down those families was simply not an option.
Nearly a decade ago, the Government of Canada, under the previous government, intervened financially to protect thousands of jobs in our automotive industry. That case was exceptional, and over time it has become clear that it was the right thing to do. Our government has acted to protect thousands of jobs in our oil industry.
Once again, this is the right move for workers in Alberta and British Columbia, for businesses who are relying on this investment, and for Canadians from coast-to-coast-to-coast who will benefit from access to world prices for our oil resources.
Our government is investing in our province, our country, and our economy, and now, my friends, we are going to get this pipeline built.
© 2018 Randy Boissonnault. All rights reserved.