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Energy companies excited by NEB approval

Last Updated Feb 23, 2019 at 4:37 pm PDT

Tim McMillan, Canadian Association of Petroleum Producers President and CEO, speaks during a press conference on Parliament Hill in Ottawa on February 26, 2018. Canada's energy industry has released what it wants to see from Alberta politicians as they head into an expected spring election. In a platform released this morning, the Canadian Association of Petroleum Producers says politicians should enact policies that will double the industry's growth rate by 2020. THE CANADIAN PRESS/Justin Tang
Summary

The federal cabinet has 90 days to determine whether or not to give final approval to the expansion

NEB's report focused on the marine impact of the expansion with additional tankers expected to be shipping crude

The decision comes after a court decision last year that halted the project

CALGARY (660 NEWS) – The Trans Mountain expansion project seems to be moving forward after the National Energy Board endorsed the pipeline saying it is “in the national interest”.

READ MORE: NEB green-lights Trans Mountain expansion

For some companies, it isn’t surprising.

“Because we knew this was a high-quality project that had already met the NEB’s initial review, with the enhanced review it was essential that we got the outcome that we did,” Tim McMillan, president and CEO of the Canadian Association of Petroleum Producers, said.

He said it’s assuring to hear how thorough the report was, and he feels the environmental concerns were judged adequately.

READ MORE: ‘See you in court’: Opposition groups on NEB Trans Mountain pipeline endorsement

He also found it interesting to hear the NEB suggesting that direct impacts on marine life would be minimal, and there might even be a chance for improvements to the environment through conditions and recommendations set forward by the board.

The next step is awaiting further consultations from the federal government, but McMillan hopes shovels will be in the ground by the end of the year.

“The economics of getting this built, sooner rather than later, is good for everyone in Canada — the provinces, country and its citizens.”

READ MORE: ‘We can do big things’: Rachel Notley pleased with NEB Trans Mountain approval recommendation