Notley talks Trans Mountain Pipeline at Chamber Luncheon
RED DEER, AB — Premier Rachel Notley brought a message of hope regarding the province’s energy future to local business leaders at a Red Deer Chamber of Commerce Luncheon at the Black Knight Inn on Monday.
Canada’s Finance Minister Bill Morneau and Natural Resources Minister Jim Carr announced on May 29 that the Government of Canada reached an agreement with Kinder Morgan to purchase the company’s Trans Mountain Expansion Project and related pipeline and terminal assets for $4.5 billion.
In addition, federal loan guarantees aim to ensure that the pipeline expansion begins immediately and continues through the 2018 season in hopes of eliminating uncertainty for families relying on its construction and for potential investors and future prospective owners.
Notley told Monday’s audience of 175 chamber members that Alberta’s support hinged on conditions of construction going ahead immediately, financial certainty to the project and the province getting full value for any investment it makes (to a maximum of $2 billion).