The Government of Canada has approved the Trans Mountain Expansion project following a report from the National Energy Board and a re-initiated consultation process.
In September 2018, the Federal Court of Appeal overturned a decision by Canada's National Energy Board to approve the Trans Mountain pipeline expansion. In the 10 months since the decision Trans Mountains and its partners have been continuing to advance necessary design and planning work.
Speaking of the approval of the project Ian Anderson, president and CEO of Trans Mountain, says: 'Today's announcement confirms the value of this project to Canada's economic future. It is also a vote of confidence in the ability of a project of this magnitude to succeed. This is a major milestone, not only for us, but more importantly for the shippers, communities, workers, local businesses and Indigenous peoples who have been involved in the development of the project and are waiting to share its success.
'It is the culmination of a lengthy and thorough review that considered the thousands of hours of environmental and technical studies, scientific evidence and meaningful engagement that were part of the comprehensive assessment.'
Bill Morneau, minister of finance, adds: 'By proceeding with the Trans Mountain expansion project, we are putting Albertans – and all Canadians – in the best position to succeed. The revenues that will come from getting Canada's resources to global markets will create jobs, grow the economy, and allow us to invest in new ways to reduce emissions and protect the environment.'
The next steps in the project include the granting of the project's CPCN by the National Energy Board. The company also expects an NEB process to reinstate the record from the previous regulatory proceeding and Trans Mountain will request that the project be brought back to the same state of construction readiness that it was prior to the Federal Court of Appeal decision.
A new deepwater midstream frontierRegulatory update for US tank terminal operators Capturing hidden storage opportunities Make room for the boom From short to long - the US oil revolution Optimising the US Gulf Coast energy potential Storage stability amid a mixed production picture in the Americas Storage for Europe's energy transition Storage for a growing product market Should the industry rethink storage tank fire protection