Madam Speaker, I would like to thank the member for Saanich—Gulf Islands for her advocacy on this very important issue.
I am proud to be part of a government that prioritizes transparency and accountability. As mentioned by the member, the text of the agreement to which she refers was actually made public in July of this year. A copy of it was provided to her and it is also available for all Canadians to review on the Trans Mountain Corporation's website.
Let me reassure the hon. member that the purchase of the Trans Mountain expansion project and related pipeline and terminal access from Kinder Morgan is a sound investment. This investment is part of our commitment to support all Canadians and provide great jobs for Canadians. The government's $4.5-billion investment in the project represents a fair price for Canadians and for shareholders of the company.
Under the ownership of a Crown corporation, the government will work to move the project forward in the right way.
The government is taking action to address the issues identified by the Federal Court of Appeal. We have instructed the National Energy Board to reconsider its report on the project, taking into account the effects of project-related marine shipping.
In addition, the government has decided to follow the guidance from the court to engage in specific and focused consultation with impacted indigenous groups.
Furthermore, we committed a further $61.5 million to help the southern resident killer whale survive and recover, building on the investments under the oceans protection plan, which support this iconic and culturally significant species.
With these actions, the government is confident that it will uphold the trust Canadians have placed in it to both grow the economy and protect the environment.
Ninety-nine per cent of our energy resources go only to the United States. Now more than ever, Canadians understand that we need to diversify our markets to protect and grow good middle-class jobs in Canada.
Keep in mind there is an existing pipeline that has been there since 1953, that generates almost $300 million of earnings a year. The challenge ahead is manageable because the court has been very clear that there are two very specific shortcomings and laid out paths for addressing them promptly and without unnecessary delay.