British Columbia Premier Christy Clark says Kinder Morgan’s proposal to expand the Trans Mountain pipeline has met her government’s requirements for approval.
“The project has met the five conditions,” said Clark. “We always said the five conditions were a path to ‘yes’ and that if the project met the five conditions we would say ‘yes’, and that’s where we are today.”
NDP leader John Horgan said he’s opposed to the project because it poses too great an environmental risk to B.C.’s coast.
The project would triple the capacity of Kinder Morgan’s existing pipeline between Edmonton, Alberta and Burnaby, B.C. and add about six oil tankers a week leaving Vancouver. It received conditional approval from the federal government in November.
The B.C. government announced Wednesday that it had given provincial environmental approval, with 37 conditions, to the project. Clark also said Kinder Morgan has now met her requirement to make sure B.C. received a “fair share” of fiscal and economic benefits.
Kinder Morgan has committed to paying B.C. up to $1 billion as a share of revenue from the project, which the province will use to fund grants to community groups doing environmental protection work, Clark said.
A government backgrounder says the company will pay the province between $25 million and $50 million for 20 years, depending on whether or not the pipeline is operating at full capacity on its spot market contracts, for a total payment between $500 million and $1 billion.
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