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NEWS RELEASE – Horgan Plunges Canada Into a Crisis of Confidence: ICBA

BURNABY – Premier John Horgan’s “double-down” today on his flawed, obstructionist, unfair attack on the duly-approved Trans Mountain pipeline expansion project is shaking investor confidence and showing the BC NDP Government has no interest in doing what’s right for Canada.

“B.C. has created a crisis of confidence and the implication is that Canada cannot get major projects approved and built,” said ICBA President Chris Gardner. “It is abundantly clear that the responsibility for this crisis we are facing today rests squarely at the feet of Premier John Horgan – he went to Ottawa and ‘doubled down’ on his obstructionist approach to the pipeline, rather than offer solutions to resolve the impasse.”

ICBA commended the federal government for convening today’s meeting between Prime Minister Justin Trudeau, Alberta Premier Rachel Notley and Premier Horgan in Ottawa, and is pleased that the Federal Government will assert its authority over this project to increase the chances of the project being built.

However, Premier Horgan’s comments that his government has every right to undo a project approval granted under a previous administration sets a very dangerous precedent that will further erode the confidence of investors seeking stability and certainty when looking to invest in BC.

“Prime Minister Trudeau’s statement today that Premier Horgan’s attempt to block the pipeline is the direct cause of this impasse is a stunning indictment on the actions of Premier Horgan,” said Gardner. “Premier Horgan is effectively ripping up a contract which Kinder Morgan negotiated in good faith with the federal and provincial governments of the day – that’s not how we must do business in Canada. It’s not right, it’s not fair, and it’s not legal.”

Kinder Morgan is prepared to invest $7.4 billion in our economy but Premier Horgan’s actions have forced the federal government to act in a way that means taxpayers could assume risk that a private sector investor was willing to undertake. “Canada is now basically saying that only governments can build major projects – and BC is saying we’re not interested in having private companies invest in our economy,” said Gardner. “This has profound implications beyond BC now – investor confidence in Canada is also being seriously undermined.”

Comments

Robert in Vancouver
Reply

Pipelines, the economy, debt, good paying jobs, and business investment is all you right wingers care about. Justin said during the election (in French) that people like you are ruining Canada.

Don’t you know the only thing that really matters is that Justin is making pot legal. And he is saving the planet all by himself, and he is a feminist, and he has deep intellect like Kim Kardashian.

Rowena Bastien
Reply

I agree 100% with the ICBA except that Horgan Is NOT representing BC and so BC is not creating this crisis – it is NOT the will of the BC people. It is being done solely by the NDP government to appease the Green Party that threatens to topple Horgan and his NDP’s if this project goes forward.

Peter Hessels
Reply

Like a true socialist, Horgan would like more govt control over everything and anything. Gov’t run oil industry, just like in Venezuela, will work for awhile, so Horgan and his buddies can get really drunk and rich with power. All he has to do is send the dissenters to the gulags and eliminate negativity.

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