Dec 05, 2016
(EDMONTON December 5, 2016) As a critical hub of Canada’s energy industry, the Edmonton Metropolitan Region will benefit from recent federal approval of the Trans Mountain Expansion and Enbridge L3 Replacement projects.
Capital Region Board (CRB) Chair Nolan Crouse expressed appreciation for the decisions that will set the stage for the first steps of recovery for the Region’s energy sector, currently hobbled by lack of product access to external markets.
“Our expertise and prosperity, which is a significant driver of the Canadian economy, depends a lot upon energy. By taking advantage of our gift of energy resources and getting product, i.e. oil, to market efficiently to access downstream opportunities, we support the value add it offers to local suppliers and refiners. While we support the diversification of the economy, we must respect the place of energy in that longer-term transition.”
To that end, he said it is also now vital to relieve current constraints to pipeline development in the Region. The Board’s recent Energy Corridors Master Plan warns that pipeline congestion around Alberta’s Industrial Heartland in the northeast part of the Region threatens access in as few as five years.
“The pain of that kind of stagnation would be felt across the province and the country. Alberta accounts for nearly 20% of Canada’s GDP; the Edmonton Metro Region is responsible for 30% of that total.”
The CRB is a forum for regional action toward global opportunity led by member municipalities of the Edmonton Metropolitan Region working toward responsible growth planning, with a focus on transportation, housing and regional services.
For further information, contact:
Phone: (780) 868-5011
Or visit www.capitalregionboard.ab.ca