Premier John Horgan has released the following statement on the federal government’s Trans Mountain pipeline investor compensation:

“We are standing up for British Columbia’s environment, economy and our coast against the threat of a bitumen spill, and we are doing so entirely within our rights.

“The federal finance minister is trying to use our government as an excuse, as the federal government puts taxpayer money on the line to backstop risks to private investors, while completely ignoring the risks to B.C. The fact is, we’ve been issuing permits in a fair and timely manner, and have proposed new regulations that are now referred to court to confirm our jurisdiction.

“We are acting well within B.C.’s rights to defend our environment, and the tens of thousands of jobs and billions of dollars of economic activity that depend on it.”