FOR IMMEDIATE RELEASE:
Statement by Petroleum Services Association of Canada (PSAC)
on Kinder Morgan’s decision on Trans Mountain Pipeline Expansion
Calgary, Alberta (April 10, 2018) – The Petroleum Services Association of Canada (PSAC) is deeply concerned for the future of investment in Canada when a provincial government can purposely interfere and delay a federally approved project that has been deemed in the national interest. “Have we reached the point where we cannot say we are a country that respects the rule of law?” asks PSAC President & CEO, Tom Whalen.
Already capital investment has been fleeing Canada due to competitive issues and lack of access to tidewater for our natural resources. “How do we incent investment in our country when federally approved projects cannot move forward?” asks Scott Van Vliet, PSAC Chair and CEO of Environmental Refuelling Systems Inc.
PSAC calls on the Government of Canada to take a leadership role to resolve this urgent situation now. Allowing the situation to deteriorate further through inter-provincial trade wars will only create more hardship on families and businesses and further erode our international reputation.
Over two years of rigorous research and studies were conducted by the National Energy Board, the Canadian Energy Assessment Agency and the BC Environmental Assessment Office before approving this project. Indigenous peoples are counting on the project to improve their lives through economic benefits, jobs and training. Canadians across the country including British Columbians, are depending on the jobs that will be created by this project.
The oil and gas industry supports over 600,000 jobs across the country – jobs that are at risk when governments do not uphold the rule of law and allow political parties to destroy investor confidence.
The Petroleum Services Association of Canada is the national trade association representing the service, supply and manufacturing sectors within the upstream petroleum industry. As the voice of Canada’s petroleum service, supply and manufacturing sector, PSAC advocates for its members to enable the continued innovation, technological advancement and in-the-field experience they supply to Canada’s energy explorers and producers, helping to increase efficiency, improve safety and protect the environment.
For more information, contact:
Tom Whalen, President and CEO
Petroleum Services Association of Canada (PSAC)