Trans Mountain has been working closely with the Province of BC to discuss and demonstrate its commitment to meeting BC’s 5 Conditions, and believes much progress has been made.
Trans Mountain is confident that through continued discussions with the Province, along with the final steps of the NEB process that already include 150 Draft Conditions that the Company must meet, it will be able to satisfy BC’s 5 Conditions by the time the regulatory process is complete.
The Province’s 5 Conditions include several requirements that Trans Mountain alone cannot satisfy. The conditions related to world-leading marine oil spill response, recovery and prevention, addressing Aboriginal treaty rights and BC receiving its “fair share” are all conditions that require multiple parties to come to the table and work together.
If approved by the NEB, Trans Mountain is confident that the construction and long-term operation of the Project will be done to the highest standards of environmental performance, support Aboriginal communities and provide lasting benefits for British Columbians, Albertans and Canadians.
The Project, as outlined in report by the Conference Board of Canada earlier this month, is expected to generate $46.7 billion in government revenues and 802,000 person years of employment over more than 20 years.
In December 2015, Trans Mountain filed its final argument with the National Energy Board, a summary of the many thousands of pages of evidence presented and the culmination of more than three years of environmental and technical studies, engineering and design work as well as engagement with communities, stakeholders, landowners and Aboriginal groups and becomes a part of the extensive regulatory process that has been underway since 2013.