Canadian Government Welcomes Progress-TransCanada Pipeline Deal

Joe Oliver, Canada’s Minister of Natural Resources, released the following statement regarding TransCanada Corporation’s announcement it has been selected by Progress Energy Canada Ltd. to design, build, own and operate the proposed $5 billion Prince Rupert Gas Transmission Project.

Canadian government welcomes proposals for resource projects – subject to proper regulatory review – that increase jobs and prosperity across Canada.

“Today’s announcement demonstrates the benefits of British Columbia energy pipeline projects that create jobs and economic growth,” said Minister Oliver. “Our government is keeping taxes low and helping open new markets for Canadian natural resources. These projects provide critical revenue to governments that support essential social programs.”

Resource industries support 100,000 direct jobs in British Columbia. They also make up 13 percent of its economy, and account for 80 percent of British Columbia’s export of goods. Resource projects across Canada create thousands of jobs and generate billions in royalties and tax revenue to government to fund hospitals, schools and other critical social services.

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LNG World News Staff, January 10, 2013; Image: nrcan.gc.ca