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

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

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".


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