Technology

TransCanada pulls plug on Energy East pipeline

TransCanada pulls plug on Energy East pipeline

It was supported by the governments of New Brunswick, Saskatchewan and Alberta, but opposed by Quebec.

"TransCanada Pipelines' decision to cancel the Energy East Pipeline project was a business decision".

May 13, 2015: More than 60 organizations call on the National Energy Board to suspend TransCanada's application for the Energy East Pipeline.

Canada's National Energy Board (NEB) granted TransCanada a 30-day suspension on September 8, after the company said it needed to review the impact of new assessment criteria that would consider the C$15.7 billion ($12.58 billion) project's indirect greenhouse gas contributions. You know, this thing about using the upstream emissions as part of the decision was always illogical, because that's dealt with by a whole different regulatory body. 7 for 30 days on the $15.7-billion route that would carry Alberta oilsands product from Hardisty to Saint John.

The B.C. government doesn't share her view, however, and is now part of a court challenge against Trans Mountain being heard this week.

New Brunswick Premier Brian Gallant also said Energy East would have been good for his province's economy and generated future revenue for his government.

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".

There is shock from the energy sector on Thursday morning as Calgary-based TransCanada announced they would be dropping the idea of a pipeline from Alberta to the east coast. October 5, 2017, she called on the National Energy Board to send a "clear" message on how it intends to evaluate pipelines in the future.

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October 29, 2014: A report released by environmental groups questions whether Energy East is necessary to supplant Eastern Canada's oil imports from the foreign suppliers frequently mentioned by TransCanada.

"The abandonment of the Energy East project is a major victory for the municipal world", Coderre wrote. Several global companies have sold off oilsands projects in the past year. Nevertheless, it deals a blow to the oil and gas producers in Alberta and Saskatchewan who had hoped to get more markets for their oil, while it's a win for environmentalists who had sought to stop the project.

"The fight goes on", he told National Observer.

"What we are seeing in our numbers now is an evolution of opinion: concerns about climate change have deepened, and belief that the world is going to transition away from oil has grown".

Analysts said the decision to abandon it was already priced into the stock. According to analysis from the group, Energy East would have added 236 million tons of additional greenhouse gas emissions every year.

The United Conservatives Interim Party Leader Nathan Cooper questioned the willingness of "Justin Trudeau and the Liberals to loudly champion Energy East and other pipeline projects". "That is neither fair nor appropriate; we ought not to ask a proponent to take a multi-billion gamble on a process that changes simply because a dog barked on Upper Teacup Road", Canada's Building Trades Union chief operating officer Robert Blakely said in a release.

The Canadian Energy Pipeline Association (CEPA)