By Staff
The Canadian Press
Posted April 8, 2017 10:27 pm EST
Updated April 9, 2017 12:49 pm EST
1 min read
This article is more than 7 years old and some information may not be up to date.
MERRITT, B.C. – A deal reached between British Columbia and Kinder Morgan reveals new details about the timeline to approve investments for the proposed Trans Mountain oil pipeline expansion and requirements to hire local workers.
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READ MORE: Trans Mountain pipeline expansion approved by B.C. government
The agreement, signed April 6, says the Kinder Morgan board of directors must reach a final investment decision by June 30 with news communicated by July 2 for the project to go ahead.
The project would twin an existing pipeline between Edmonton and Burnaby, B.C., tripling its capacity and increasing tanker traffic in the Burrard Inlet seven-fold.
The proposed Trans Mountain pipeline expansion route.
Courtesy: Trans Mountain
READ MORE: Burnaby loses bylaw battle with Trans Mountain over pipeline expansion project
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The company said last month the expansion would cost an estimated $7.4 billion, an increase from previous estimates in order to meet conditions imposed by the National Energy Board.
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The agreement also includes a policy requiring the company to consider hiring B.C. businesses and First Nations first for the construction and maintenance of the project within the province.
But local businesses and workers are prioritized only if they meet Kinder Morgan’s requirements for safety and expertise, offer competitive pricing and aren’t at odds with the company’s existing obligations.
READ MORE: Trans Mountain pipeline deal could tear national fabric: expert
A statement from the province didn’t specify the number of jobs expected, however, Natural Gas Minister Rich Coleman called the agreement unprecedented.
A spokesperson for Trans Mountain said in a statement Saturday, “Next steps for the project include arranging acceptable financing and a final investment decision by Kinder Morgan.”
READ MORE: Rachel Notley defends NDP government’s pipeline push
Apart from the June 30 deadline, the spokesperson said a date has not yet been set for the company’s board to reach a final investment decision.
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Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
THE CANADIAN PRESS/Jonathan Hayward
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Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
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Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
THE CANADIAN PRESS/Jonathan Hayward
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Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
THE CANADIAN PRESS/Jonathan Hayward
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Pipes and tanks are seen behind a barbed wire fence at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
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Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
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Pipes and oil tanks are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
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Pipes and tanks are seen behind a barbed wire fence at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
Jonathan Hayward/CP
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Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
THE CANADIAN PRESS/Jonathan Hayward
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Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
THE CANADIAN PRESS/Jonathan Hayward
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Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
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Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
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Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
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Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
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Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
THE CANADIAN PRESS/Jonathan Hayward
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Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
THE CANADIAN PRESS/Jonathan Hayward
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Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
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The main pipeline that feeds oil to British Columbia is seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
THE CANADIAN PRESS/Jonathan Hayward
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Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
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Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
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The main pipeline that feeds oil to British Columbia is seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
THE CANADIAN PRESS/Jonathan Hayward
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Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton, Alta., Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
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