News: Vancouver Real Estate Market

Bill C-38 - What does it mean for property owners along pipelines?

   Among its many provisions, it makes significant changes to legislation including the Canadian Environmental Assessment Act, the National Energy Board Act, and the Species at Risk Act.

 

These changes affect the operation of the National Energy Board (NEB), which has potentially serious implications for property owners along pipelines.

 

This includes the 2,200 property owners along the Trans Mountain Pipeline, owned by Kinder Morgan, which runs from the Alberta tar sands and passes through Lower Mainland communities including Hope, Chilliwack, Abbotsford, Surrey, Langley, Coquitlam and Burnaby. The original pipeline was completed in 1953.

 

Kinder Morgan, a Texas-based company, is planning a $5 billion expansion to twin the Trans Mountain Pipeline.

 

For more information click on the Bill C-38 link.

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