Deputy Prime Minister Freeland Addresses Standing Committee on Natural Resources Regarding Trans Mountain Expansion Project
Ottawa, Ontario – On November 5, 2024, Deputy Prime Minister and Minister of Finance Chrystia Freeland delivered remarks at the Standing Committee on Natural Resources regarding the Trans Mountain Expansion Project (TMX). Here is a detailed summary of her speech:
Introduction
Deputy Prime Minister Freeland began by highlighting the importance of TMX for Canada’s economy and energy security. She emphasized that the project would create thousands of jobs, generate billions in investment, and enhance access to global markets for Canadian oil.
Environmental Considerations
Freeland acknowledged the environmental concerns raised by the project. She stated that the government had conducted rigorous environmental assessments and mitigation measures were in place to minimize impacts on wildlife and habitats. She also noted that TMX met or exceeded all federal and provincial environmental standards.
Indigenous Engagement
Freeland emphasized the government’s commitment to respecting Indigenous rights and title. She explained that extensive engagement had been undertaken with Indigenous communities throughout the project planning process. Agreements had been reached with 11 Indigenous groups, and the government was continuing to work with others.
Economic Benefits
Freeland presented economic projections indicating that TMX would create approximately 13,000 construction jobs and 5,000 permanent operational jobs. Additionally, the project would attract significant investment in Canada’s energy sector, boosting economic growth and tax revenues.
Increased Exports
The Deputy Prime Minister stressed that TMX would enable Canada to export more oil to global markets, diversifying its customer base and reducing reliance on the United States. She stated that this would strengthen Canada’s position in the global energy landscape.
Energy Security
Freeland argued that TMX was essential for Canada’s energy security. She explained that the project would ensure a reliable supply of oil to Canadians and reduce dependence on imported energy sources.
Conclusion
Deputy Prime Minister Freeland concluded her remarks by expressing the government’s confidence in the Trans Mountain Expansion Project. She stated that TMX was in the best interests of Canada’s economy, energy security, and environment. She urged the committee to support the project and allow it to proceed without further delay.
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