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Alberta factoring in Trans Mountain pipeline in budget forecasts

Alberta factoring in Trans Mountain pipeline in budget forecasts | iNFOnews.ca
Alberta President of Treasury Board and Minister of Finance Joe Ceci stands in front of a virtual reality character of him, during a pre-budget event in Edmonton Alta, on Tuesday March 20, 2018. THE CANADIAN PRESS/Jason Franson

EDMONTON – Finance Minister Joe Ceci says Alberta will rely on anticipated revenue from an expansion of the Trans Mountain pipeline to balance the budget within five years.

Ceci says revenue from the yet-to-be built expansion, along with expected revenue from a replacement pipeline to Wisconsin, will be factored into forecasts in the upcoming budget he is to table on Thursday.

Ceci says it will include a plan to erase the deficit by 2023.

In 2016, the federal government approved both the Wisconsin Line 3 replacement and Trans Mountain, which would triple the amount of crude shipped from Edmonton to the port at Burnaby, B.C.

The project is facing delays and court challenges.

As well, B.C. Premier John Horgan is going seeking a legal ruling as to whether his province can restrict higher levels of oil coming into the province while his government reviews oil-spill safety measures.

Alberta Premier Rachel Notley has said Trans Mountain is critical to Canada's energy future and she plans to introduce legislation in the coming weeks to give her the power to curtail oil shipments to B.C. in retaliation.

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Marshall Jones

News is best when it's local, relevant, timely and interesting. That's our focus every day.

We are on the ground in Penticton, Vernon, Kelowna and Kamloops to bring you the stories that matter most.

Marshall may call West Kelowna home, but after 16 years in local news and 14 in the Okanagan, he knows better than to tell readers in other communities what is "news' to them. He relies on resident reporters to reflect their own community priorities and needs. As the newsroom leader, his job is making those reporters better, ensuring accuracy, fairness and meeting the highest standards of journalism.

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