The federal Liberals are defending the move to spend 4.5 billion dollars on purchasing the Trans-Mountain pipeline saying it’s the best thing for Canada.
Regina MP Ralph Goodale says a move like this is not unprecedented as Peter Lougheed did it in Alberta with Syncrude to open the oil sands.
Brian Mulroney intervened with Hibernia and the federal government intervened with Petro-Canada.
Goodale said in all those instances, the move worked.
“When the investment was over, and the return was calculated to the taxpayers of Canada, it was a huge success,” said Goodale. “So, there’s lots of precedent for this kind of investment to turn out well for the people of Canada.”
Goodale said it’s a project that is of national importance and will ensure it can be started this summer.
It also ensures that the tactics of intimidation and delay and uncertainty will not have any effect because the owner is now the government of Canada and not a company in the private sector.
Goodale said the benefits of the move are many including in Saskatchewan where many positives will result.
“It will make sure our resources in Saskatchewan have access to those competitive global prices. That will raise the value of the natural resource economy of Saskatchewan.”
Another positive is three-quarters of the pipe will be manufactured at Evraz steel in Regina, which is important for the plant’s 1200 employees.