Today we announced our government has approved the Trans Mountain Expansion, and that every dollar made by the federal government from this project will be invested in clean energy. More on our decision to move forward with the TMX pipeline below ⤵️
We made a commitment to make real change happen in this country, and to grow the middle class. We also committed to building a real plan to protect our environment and fight climate change. These goals are not irreconcilable, they are complementary.
In the 21st century, you need to have a plan for the environment, and a plan for the economy. We’ve spent the last four years doing more for our environment than any other government in Canada’s history.
At the same time, we’ve created over one million new jobs, lifted 825,000 people out of poverty, and have the lowest unemployment rate on record.
TMX solves a core economic challenge facing our country: Currently, 99% of our conventional energy resources are sold to one market – the United States – at a large discount. We need to diversify our markets to get a fair price for the products we sell.
We’ll use the profits to fund a clean energy transition. Every dollar the federal government earns from this project will be invested in renewable resources, help fund things like electrification projects, and help transition Indigenous communities off diesel-power.
We’ll also work with Indigenous groups to make sure they can directly benefit financially from this project – including through equity ownership or revenue sharing.
It’s in Canada’s national interest to protect our environment and invest in tomorrow, while making sure people can feed their families today. By moving forward with the TMX, and investing the profits in our clean energy future, we’re doing exactly that. https://pm.gc.ca/eng/news/2019/06/18/trans-mountain-expansion-will-fund-canadas-future-clean-economy …
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