The Canadian Association of Petroleum Producers says that the Trans Mountain Expansion project must be approved and construction started by early this summer, or the 2019 construction season will be lost and the project will face at least another year of delay.
CAPP made the statement on Monday in advance of the federal government’s anticipated decision today on whether or not to proceed.
“Canada cannot afford any more delays. The time to build Trans Mountain is now.
“If a decision is made to further delay the TMEP, it will signal that Canada is closed for business. It poses a very serious risk to all Canadians – hindering employment, innovation and technology development,” CAPP said, adding that the Canadian economy continues to lose an estimated $80 million per day from a lack of market access.
“Canada can play a global leadership role in offering responsibly produced energy, while attracting investment, spurring innovation, creating jobs and economic benefits across the country. The Trans Mountain Expansion Project could be one part a long-term solution to show investors that Canada can offer opportunities for future growth and prosperity.”