Trans Mountain pipeline approved to proceed
June 19, 2019
By
CCE
Every dollar the federal government earns from the project will be invested in Canada's clean energy transition.
The Government of Canada has approved the Trans Mountain Expansion (TMX) and has committed that every dollar the federal government earns from the project will be invested in Canada’s clean energy transition.
The approval was based on:
- strong environmental protections have been and continue to be put in place, and that the effects of the project can be mitigated through conditions and recommendations outlined by the National Energy Board (NEB), as well as measures including the historic $1.5 billion Oceans Protection Plan and the national climate plan.
- consultations with Indigenous peoples involved meaningful, two-way dialogue, which fulfilled the legal duty to consult and helped identify new accommodation measures and conditions to appropriately address potential impacts on Indigenous rights and concerns expressed by Indigenous communities.
It is estimated that additional corporate income tax revenues from the project could generate $500 million per year once the project has been completed.
In addition, the Government of Canada will launch the next phase of engagement with Indigenous groups on ways they could share in the benefits of the expansion, including through equity ownership or revenue sharing—a step on the path toward reconciliation with Indigenous peoples.
