Cenovus President and CEO issues statement directed at Trudeau

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Cenovus President & Chief Executive Officer Alex Pourbaix issued the following statement after Kinder Morgan halted operations.

Our President & Chief Executive Officer Alex Pourbaix issued the following statement today about Kinder Morgan Inc.’s decision to halt non-essential work on the Trans Mountain pipeline expansion:

 

“It is time for the federal government to take immediate, clear and decisive action to ensure that construction of the Trans Mountain Expansion Project in British Columbia begins as soon as possible and that the pipeline does not suffer the same fate as the Energy East project.

News today that Kinder Morgan is suspending all non-essential work on Trans Mountain and has set a deadline of May 31st to find a reasonable pathway forward should concern all Canadians.

Trans Mountain was approved by the federal government following more than two years of exhaustive review and the attachment of nearly 200 environmental and legal conditions. The project is critical to Canada and the future of its oil and gas industry, which contributes billions of dollars to the national economy each year and is one of the country’s single largest job creators. If the rule of law is not upheld and this project is allowed to fail, it will have a chilling effect on investment not just in British Columbia, but across the entire country. This is a vital project that is in the best interest of all Canadians. It should proceed without further delay.”