BC Chamber of Commerce pleased to know Trans Mountain pipeline will be built – cautions investor confidence is still shaken
Vancouver, May 29, 2018 – While the federal government's $4.5 billion purchase of the Trans Mountain pipeline and its related infrastructure is an extraordinary measure, the BC Chamber is pleased to see the project move forward.
“It’s long-overdue good news that Canada will get its resources to tidewater and stop selling to a single customer – but the fact that our federal government had to step in proves there’s still deep uncertainty around investing in Canada, said Val Litwin, President and CEO, BC Chamber of Commerce. "Our nation must take a hard look at itself: The regulatory regime in Canada is broken.”
The extraordinary measures by the federal government prove that Canada's regulatory system needs an overhaul. Once a project is federally approved, it should not fall prey to stall tactics from opponents. The BC Chamber has maintained that the Trans Mountain project is about more than a pipeline. It's about rule of law, and our provincial and national brand as a worthy place to invest.
We join the Canadian Chamber of Commerce and call on the federal government to limit its investment in the Trans Mountain project to ensure its successful completion and restore the project back to the private sector as soon as possible.
About the BC Chamber of Commerce
The BC Chamber is the province’s largest and most broadly-based business organization driving insights to its partners, government and Chamber network. With 36,000 members hailing from every nook and cranny of the province, the BC Chamber knows what’s on BC’s mind.
Director of Communications
BC Chamber of Commerce
604 638 8114