M-79 Trans Mountain Expansion project

That:

(a) the House recognize that,

(i) the Trans Mountain expansion project poses significant risks to both our environment and our economy,

(ii) a seven-fold increase in tanker traffic would put our coast at risk,

(iii) recent reports from the Canada Energy Regulator and the Parliamentary Budget Officer show that the Trans Mountain expansion project will only be financially viable if the government takes no further action to fight climate change,

(iv) forecasting agencies are predicting the end of growth in oil demand as countries shift to clean energy, and major global oil companies are writing off their oil sands investments,

(v) the cost of the Trans Mountain expansion project has more than doubled to $12.6 billion, putting Canadian tax dollars at risk,

(vi) ambitious investments in the clean economy is required to meet Canada's Paris climate commitments and will create much needed jobs in sectors hard hit by the pandemic and by the downturn in the oil industry; and

(b) in the opinion of the House, the government should reconsider any additional financing for the Trans Mountain expansion project and prioritize investments in clean energy and a just transition for workers.