TransCanada to Construct Coastal GasLink Pipeline Project - Seite 2

“Once constructed, Coastal GasLink will become a critical component of British Columbia’s natural gas pipeline infrastructure, connecting our abundant, low-cost natural gas resources to global markets,” added Girling. “Solid underlying market fundamentals, combined with robust commercial support for the project, position us to prudently fund Coastal GasLink over its multi-year construction along with our existing $28 billion near-term capital program in a manner consistent with our long-established strong financial profile.”

The Coastal GasLink project was first proposed in 2012 after TransCanada was selected as LNG Canada’s pipeline partner of choice to design, build, own and operate the pipeline system. Since then, the Coastal GasLink team has completed significant project work and successfully achieved key milestones through its extensive environmental and field studies, regulatory approvals, and consultation and engagement programs with local communities and Indigenous groups in the design and planning of the project. The project received its Environmental Assessment Certificate in 2014, after submitting an extensive 7,200-page application to the B.C. Environmental Assessment Office (EAO) and participating in a thorough public comment period culminating in a robust two-year environmental and technical review to obtain the permits. Necessary regulatory permits from the B.C. Oil and Gas Commission (OGC) followed shortly afterward, providing Coastal GasLink with all the necessary regulatory permits to proceed with construction.

The Coastal GasLink Pipeline project will employ 2,000-2,500 people during construction and generate approximately $20 million a year in ongoing property tax benefits to B.C. communities, creating economic stimulus and additional funds to address community needs both locally and provincially.

Project Highlights Include:

• The receipt of all necessary major regulatory permits required to proceed with construction
   
• Conducting over 441,000 hours of environmental field studies to assess aquatic habitat, wildlife, terrain, soils, vegetation and wetlands, atmospheric environment, hydrology, archeological resources and timber
   
• Successfully completing all necessary field work in preparation for construction-related activities along the pipeline route
   
• Working directly with Indigenous groups to provide meaningful opportunities for input in project planning. To date, more than one-third of all field work completed on the project has been conducted by Indigenous people