It’s believed Canada has already lost close to $6 billion in revenue from the lack of progress being made on the Trans Mountain Pipeline.
That’s according to the provincial government whose latest push to move the project forward is showcasing a ‘real-time lost-revenue counter.’
“From Day 1, we’ve been fighting for Trans Mountain,” said Deron Bilous, Minister of Economic Development and Trade, in a release. “There’s too much at stake. We will keep the federal government’s feet to the fire so that this project isn’t delayed any further.”
The GoA says the delay is costing Canadians an average of $80 million a day.
The expansion project has been on hold since the Federal Court of Appeal dismissed the National Energy Board’s application. They noted the NEB made two crucial errors – not mentioning project-related tanker traffic in their application and excluding any details on potential harm to the southern resident killer whale.
The province is hoping to expand the pipeline to get more of our product to tide waters to access global markets.