Statement by Canadian Chamber of Commerce President and CEO Perrin Beatty regarding the Federal Court of Appeal's decision regarding the Trans Mountain Pipeline Expansion Project:
Both the government and the private sector will need to study the Federal Court of Appeal’s reasoning and the options that exist to prevent further delays. However, it is clear even at this early stage that today’s decision delivers a serious blow to the Indigenous communities that are counting on this project to create jobs and economic prosperity and to Canada’s economy as a whole. It sends a profoundly negative message to investors both here at home and around the world about Canada’s regulatory system and our ability to get things done even after the federal government has declared them to be in the national interest.
This decision is yet another example of how Canada’s broken regulatory system is undermining Canadian competitiveness and driving away investment.
The Trans Mountain Pipeline Expansion Project was approved after an extensive review process that involved consultations with thousands of people and organisations across Canada. This project is now owned by the people of Canada, and the federal government has expressed its commitment to ensuring its completion. We call on Ottawa to stand behind TMX, and to lay out its plan to prevent further delays in the construction of this vital national enterprise.
Additionally, the prosperity of every Canadian family requires that the government fix our regulatory system. We strongly believe that Canada can bring its resources to market while protecting the environment and respecting the rights of our Indigenous communities, many of which depend upon the sector to build a better economic future. Now more than ever Canadians are looking to government for economic certainty, predictability and visionary leadership.