QuickQuotes: what's being said about the end of TransCanada's Energy East

06 October, 2017, 00:50 | Author: Inez Murphy
  • REUTERS

In a press release issued Thursday morning, Transcanada has indicated that they have chose to bury the project of $ 15.7 billion "as a result of an in-depth analysis of the new requirements".

There was also another type of math working against Energy East, according to Andrew Leach, associate professor at the University of Alberta's Alberta School of Business.

June 16, 2016: The National Energy Board says it has officially started the clock on its review of Energy East.

In part because of its sheer length, Energy East would have likely had higher shipping costs than both the Keystone XL and Trans Mountain pipelines.

If he had seen the light of day, the pipeline Energy Is reported to have transported each day, 1.1 million barrels of crude oil from Alberta or Saskatchewan to destination refineries in eastern Canada and a port terminal in New Brunswick, a distance of 4500 kilometers.

The Liberals are defending jobs while protecting the environment, Trudeau insisted during question period, but "the market conditions have changed fundamentally" since the pipeline was proposed, including a steep drop in oil prices, he said.

Notley says the decision puts new emphasis on the Trans Mountain pipeline project to British Columbia and called on the NEB to "send a clear message" on regulation for future energy infrastructure projects.

The Canadian National Energy Board told the company in late August that the projects' environmental reviews would look at the total lifecycle greenhouse gas (GHG) emissions associated with the projects - including from extracting, processing, transporting, refining, and eventually burning the fossil fuels.

New Brunswick Premier Brian Gallant, another longtime champion of the Energy East project, joined Notley in expressing disappointment with TransCanada's decision.

"We are disappointed with this decision", said Ian Whitcomb.

TransCanada says it's cancelling plans for the Energy East pipeline and Eastern Mainline projects.

He said Coderre leads a city that used to use a pipeline to dump raw sewage into the St. Lawrence Seaway, and added "When Coderre cheers for the end of this pipeline, he cheers for the imported oil we buy from Saudi Arabia, where women can now drive, but the public beheadings continue".

Picard is a signatory to the Treaty Alliance Against Tar Sands Expansion, a coalition of 150 tribes in Canada and the United States fighting against any and all oilsands pipeline projects.

It's also going to withdraw from a Quebec environmental review.

"Today is a great day for the climate and the hundreds of thousands of Canadians who stood up to Energy East and its risks to our land, water and communities", Andrea Harden-Donahue with the Council of Canadians said in a press release. "Nothing has changed in the government's decision-making process".

Carr shrugged off Raitt's criticism, saying there are signs of growth in the energy sector despite "market challenges" posed by sagging oil prices. "Governments need to step up with a plan to assist oil sands workers in transitioning into clean energy jobs".

Recommended:

  • Asian Woman Cleared in Las Vegas Mass Shooting

    Asian Woman Cleared in Las Vegas Mass Shooting

    At this time, it is unknown whether the money was intended for Danley, her family, or for another objective . There were also reports that Danley was on vacation in Japan when the Las Vegas shooting happened.
    Gran Turismo Sport Demo Announced, Will Start In October 9

    Gran Turismo Sport Demo Announced, Will Start In October 9

    You'll even be able to challenge your mates to a race, as there'll be a split-screen option for the Arcade section. As mentioned, any progress earned will count towards the main game when Gran Turismo Sport releases in full.
    Look out for the limited-time Gran Turismo Sport demo

    Look out for the limited-time Gran Turismo Sport demo

    Sony announced today that it will release a GT Sport demo on October 9 that can only be played until October 12. Even those who already know they'll be buying GT Sport will want to consider diving into the demo.
  • Walmart may soon launch same-day delivery

    Walmart may soon launch same-day delivery

    So they see it as a big potential and they see the e-commerce piece and felt like they had to solve this problem. This acquisition allows Walmart to continue testing ways to offer fast delivery while lowering operating costs .
    Las Vegas shooting: Shooter's 'companion an Australian granny'

    Las Vegas shooting: Shooter's 'companion an Australian granny'

    How did Stephen Paddock "lone wolf" pull off Las Vegas mass shooting? Geary and Marilou were married in Las Vegas in 1990. At this time, it is unknown whether the money was intended for Danley , her family, or for another objective .
    LaMelo Ball to skip last two years of high school basketball

    LaMelo Ball to skip last two years of high school basketball

    But most recently, the Ball family is not being covered for something they are doing... but, rather, something they aren't. LaMelo said he's not anxious about missing out on traditional high school life and not going to school with his friends.
  • McDonald's Szechuan Sauce returns for one day

    McDonald's Szechuan Sauce returns for one day

    Kowalski adds that he wouldn't be surprised if the show was messing with its viewers, and sauce actually doesn't taste very good. Szechuan sauce will be available at McDonald's in limited quantities starting at 2 p.m., so once they're out, they're out.
    GBP/USD Rises as UK Services PMI Beats Expectations

    GBP/USD Rises as UK Services PMI Beats Expectations

    UK GDP growth was just 0.3 per cent in the second quarter of 2017, according to the Office for National Statistics. Sales are forecast to grow 0.3 percent on month in August, in contrast to a 0.3 percent fall in July.
    Google unveils Home Max and Mini

    Google unveils Home Max and Mini

    It can even call your friends for free (in the U.S. and Canada , the feature is coming to the United Kingdom later this year). We will keep you informed on when these features and updates will roll out! It's Google's turn to announce some new hardware.
  • Mike Pence: Trump-Led National Space Council Going To 'Mars And Beyond'

    Mike Pence: Trump-Led National Space Council Going To 'Mars And Beyond'

    Trump re-established the National Space Council in an executive order signed in June. For now, it's unknown how this destination shift will affect NASA's long-term plans.
    Saudi king leaves for Moscow, crown prince in charge

    Saudi king leaves for Moscow, crown prince in charge

    Saudi Arabia will allocate Russia $1 bln for joint energy projects, Russian Minister of Energy Alexander Novak said. In recent years a number of women activists were detained for getting behind the wheel in Saudi Arabia.
    Catalonia on strike over violence

    Catalonia on strike over violence

    Mr Puigdemont said his government would " act at the end of this week or the beginning of next ", in an interview with the BBC . Officials estimated voter turnout for Sunday's referendum was about 42.3 percent of 5.34 million eligible voters.


Popular

Netflix is popping after reports of rising subscription prices (NFLX)
But its standard plan will now cost $11 a month, up from $10, and the premium tier will rise from $12 a month to $14. Netflix has raised the rates on two of their subscription plans, with the new rates going into effect for November.

NASA astronauts to venture outside ISS for October's first spacewalk today
Nespoli will position the LEE between the two spacewalkers as they dangle from foot restraints on the space station's truss. NASA astronauts Randy Bresnik and Mark Vande Hei will go outside for the first two spacewalks .

Real Madrid Plotting Whopping £177 Million Summer Bid For Next Galactico
Chris Smalling admits he is fortunate to play with both Romelu Lukaku and Harry Kane , describing the pair as "the full package". Messi is the only player to have more goals than Kane this season in Europe's top leagues.

Former Equifax CEO testifies before Senate committees
However, Smith had an interesting explainer for how this easy fix slipped by 225 people's notice - one person didn't do their job. It was only after the forensic review conducted by Mandiant that the actual number was found to be far lower than the estimate.

Probe continues into possible Russian collusion with Trump campaign
Richard Burr , R-North Carolina, said that "the issue of collusion is still open" regarding the committee's ongoing investigation into Russian meddling in the 2016 USA presidential election.

BSF Camp Near Srinagar Airport Attacked
IGP Khan said such attacks will not end. "The local cadres of militants in Kashmir have been eliminated by security forces". The terrorists, according to BSF officials are holed up inside the building campus of the 182nd Battalion camp.

Nuclear accord with Iran in U.S. interest: Mattis
That would let Congress, controlled by Trump's fellow Republicans, effectively decide whether to kill the deal. J Street, a liberal pro-Israel group, said Trump did not have legitimate grounds to decertify the deal.

Sturridge warned by Souness that he faces six-week Liverpool snub
It means they look to already have lost touch with the league leaders. Liverpool are better than their results of the past month.

Sturridge has gone downhill since Suarez left Liverpool, says Carragher
In the two years since the German coach arrived at Anfield, Liverpool have taken 36 points from 20 games, losing just twice. Philippe Coutinho did score another screamer from outside the box to add to his collection, which deserved to win any game.

Derek Carr not expected to miss time with back spasms
What we do know is that on top of everything else going wrong for the Raiders, now their scuffling offense won't have its leader. Simply put, the Raiders weren't able to show that they could get it done in their first two games without Carr a year ago .