Mr. Speaker, on August 30, 2018, the Federal Court of Appeal quashed the Trans Mountain expansion project’s federal certificate. The Government of Canada is committed to moving the project forward in the right way. In this regard, on September 20, 2018, the government directed the National Energy Board to reconsider its recommendation on the project in relation to environmental effects of project-related marine shipping.
On October 3, 2018, the government announced its intent to resume consultation with indigenous peoples on the project. Once those steps are complete, the government will consider all of the evidence, including new analysis by the National Energy Board and new information collected through indigenous consultation, and make a new decision on the project. Trans Mountain Corporation has not formally updated the planned construction schedule and costs estimate for the project since the court decision. Because of the status of the project and the lack of an updated project construction cost estimate, no estimate of the financial impact of the court’s decision is available at this time.