Alberta politicians express disappointment over TransCanada decision to cancel Energy East pipeline

Alberta politicians express disappointment over TransCanada decision to cancel Energy East pipeline

Alberta politicians express disappointment over TransCanada decision to cancel Energy East pipeline

TransCanada Corp. said Thursday it would end efforts to develop two Canadian energy pipeline projects after facing regulatory delays.

Wall also took aim at Montreal Mayor Denis Coderre - an outspoken critic of the Energy East project.

"Realizing that Energy East would never be allowed if its full climate impact was accounted for, TransCanada has walked away from the project", he said in a statement.

Russ Girling, executive director of the Calgary-based company, said in a statement that he will report to the National Energy Board that TransCanada will not proceed with the requests.

But Natural Resources Minister Jim Carr dismissed her criticisms, calling TransCanada's move a "business decision" and pointing to his Liberal government's approval of two other pipelines under the same set of criteria.

In August, the NEB announced it would expand its assessment of the project into risks associated with potential accidents and system malfunctions that could cause oil spills. October 5, 2017 amidst an unprecedented announcement from the National Energy Board that it would include upstream and downstream greenhouse gas emissions in its review of the pipeline.

"We believe this nation-building project would have benefited all of Canada through new jobs, investment, energy security and the ability to displace oil being imported into Canada from overseas and the United States".

Energy East would have taken 1.1 million barrels of crude from Canada's oil heartland of Alberta across the country to east coast ports and helped boost prices for Canadian producers, whose landlocked product trades at a discount to the West Texas Intermediate benchmark.

The Eastern Mainland project would have built an additional 279km (175 mile) new gas pipeline in Ontario. She said TransCanada made the right business decision given the ongoing uncertainties over the regulatory process.

Tropical depression expected to develop soon and head toward Gulf Coast
Regardless of development, this system will likely produce heavy rains over Formation chance through 5 days...80 percent. Beyond Saturday, forecast confidence drops off a bit, which is usually the case with young developing tropical systems.

Deliberation on upstream emissions and land-use integrity is important, Notley said, but "investors need confidence".

New Brunswick Premier Brian Gallant says the announcement is not good news for his province.

"I think the federal government has erred there and I think it's incumbent on the Trudeau government to come clean on what they want the NEB to do so that we don't make this mistake in the future as well", Nenshi said.

He didn't specify reasons but Alberta's oil sands growth has slowed with the decline in the price of oil and there was stiff environmental opposition in Quebec.

Notley said the decision will affect more than just Alberta.

"The abandonment of the Energy East project is a major victory for the municipal world", Coderre wrote.

"Some of those same forces that led to the cancellation of Energy East are very much threatening Keystone as well", Scott said.

Grand Chief Serge Simon, of the Mohawk Council of Kanesatake, said the fight by Indigenous People against other pipeline projects will continue.

September 9, 2016: The National Energy Board sidelines all three Energy East reviewers following complaints that two of them met privately with a TransCanada consultant the year before and discussed the proposed oil pipeline.

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