Ottawa, April 08, 2018 – The Canadian Chamber of Commerce released the following statement in response to the announcement today by Kinder Morgan Canada that it is suspending all non-essential activities and related spending on the Trans Mountain Expansion Project:
“Today’s announcement by Kinder Morgan Canada is deeply troubling. While we respect the right of a private sector entity to make decisions based on its own – and its shareholders’ – interests, today’s announcement reinforces the urgent need for the federal government to stand behind its own regulatory processes and take the necessary actions to ensure the Trans Mountain Expansion project gets built.
“The Trans Mountain project is in the national interest and represents a tremendous economic opportunity for Canada. The project was approved following a rigorous, fair and scientifically sound federal review process and the federal government must exercise its constitutional responsibilities to see that outcome is respected.
“Job creators and investors expect a fair, transparent and reliable regulatory process whose outcome will be respected. By not taking concrete action now, Canada would send a powerful negative signal to investors, both at home and abroad, at a time when we urgently need to encourage investment.”