Trans Mountain Expansion Project
The Trans Mountain expansion is a $7.4 billion project to expand an existing pipeline which runs from Strathcona County (near Edmonton) to the Westridge Terminal in Burnaby. The project was first proposed in 2012 and underwent an approval process via the National Energy Board which approved the project subject to 157 conditions. The federal cabinet gave final approval of the project on November 29, 2016.
In regards to the Trans Mountain pipeline expansion, the Burnaby Board of Trade (BBOT) took its role as the representative of the Burnaby business community seriously, and thoroughly reviewed the project via an unprecedented effort of our Board of Directors. With that review of the project in hand, the BBOT participated fully over several years in the pipeline approval process, voicing support for the economic importance of the project but highlighting several concerns with specific aspects of the proposal.
With the granting of approval by the necessary federal and provincial bodies in 2016 and 2017, the BBOT recognized the approval process was completed, and the project would move ahead. With the approval process complete, the BBOT continues to look to work with Kinder Morgan to find ways of helping local businesses maximize the benefits of this significant project while ensuring our concerns and all NEB regulatory conditions are addressed.
Update: On May 30, 2018, Finance Minister Bill Morneau and Natural Resources Minister Jim Carr announced that the Government of Canada had reached a commercial agreement with Kinder Morgan to secure the completion of the Trans Mountain Expansion Project and ensure that work continues through the 2018 season. In addition, the Government of Canada has 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. The transaction is expected to close in August 2018. Read more.
Burnaby Board of Trade – Trans Mountain Timeline:
September 14, 2017
BBOT holds workshop on local procurement and business opportunities related to the project
November 30, 2016
BBOT releases a statement on the federal approval of the project
August 11, 2016
BBOT appears in-person before the Ministerial Panel reviewing the project
August 18, 2015
BBOT submits addendum to its Letter of Comment regarding draft conditions for the project
March 03, 2015
BBOT submits formal Letter of Comment to the National Energy Board
January 14, 2015
BBOT releases independent review of the Trans Mountain Expansion Project
January 28, 2014
BBOT’s Board of Directors strikes Pipeline Task Force to review the project
December 16, 2013
Kinder Morgan submits facilities application for the expansion of the Trans Mountain pipeline with the National Energy Board
Burnaby Board of Trade – Trans Mountain Materials
Read the Burnaby Board of Trade’s independent review of the Trans Mountain Expansion Project
The BBOT’s Pipeline Task Force spent months consulting with subject-matter experts and stakeholders, and reviewing articles and research before issuing this review of the project to its membership, the public and media.