CALGARY, Jan. 10, 2012 /CNW/ - The Canadian Energy Pipeline Association agrees with the Federal Minister of Natural Resources' call for federal regulatory reform.
CEPA President Dr. Brenda Kenny stated that on behalf of an association representing companies planning to invest multi-billion dollars in pipeline projects, reforms that will improve federal project review process are welcomed and needed.
CEPA and its member companies have been strong advocates of regulatory reforms. We have encouraged changes that ensure private sector investment and job creation can proceed in a timely manner through an efficient, predictable, and fair regulatory process while providing more effective environmental protection and Crown consultation.
Timely decisions for pipeline development projects are critical to Canada's ability to attract capital investment to build pipeline infrastructure and capture energy trade opportunities. Pipeline projects create broad economic and social benefits to Canadians. Instituting process timelines, eliminating duplication of processes, and improving coordination between government agencies will improve Canada's competitiveness vis-à-vis other energy trading nations while ensuring strong environmental protection and transparency of process.
The Canadian Energy Pipeline Association (CEPA) represents Canada's transmission pipeline companies who operate more than 100,000 kilometres of pipeline in Canada and the United States. These energy highways move approximately 1.2 billion barrels of liquid petroleum products and 5.5 trillion cubic feet of natural gas each year. Our members transport 97 per cent of Canada's daily crude oil and natural gas from producing regions to markets throughout North America.
For further information:
For additional information on the Canadian pipeline industry, please visit our website: www.cepa.com
For media inquiries, please contact:
Philippe Reicher, VP, Communications
E-mail: [email protected]