TransCanada cancels Energy East pipeline

TransCanada

Energy East, he said, would have provided eastern Canada with oil that was not extracted from countries with questionable human rights records.

October 5, 2017: TransCanada announces it is no longer going ahead with the Energy East pipeline project.

February 3, 2016: The National Energy Board directing TransCanada to rework its application to build the contentious Energy East pipeline because the document is too hard to understand - even for experts.

The premiers of Alberta and New Brunswick say they're disappointed by TransCanada's cancellation of the Energy East pipeline, which would have connected their two provinces.

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.

"Our government would have used the same process to evaluate the Energy East pipeline project", he said.

Saskatchewan Premier Brad Wall was an advocate for the pipeline project, voicing his support for it on many occasions, including trips to eastern Canada.

"The pipeline changes the economics of the tar sands in a way that makes those [extraction] projects possible - and that's why they're responsible, ultimately, for such incredible increases in emissions", Scott said.

"The economic benefits of the Energy East pipeline have never been added to our economic and fiscal projections", he said.

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TransCanada Corp abandoned construction of its Energy East pipeline on Thursday, taking a C$1 billion ($798 million) non-cash charge and handing environmental groups a major victory in efforts to hamper Canadian oil development. "The loss of this major project means the loss of thousands of jobs and billions of dollars for Canada, and will significantly impact our country's ability to access markets for our oil and gas".

". It is important to say today that, while we wanted to see the pipeline built, it is not the only opportunity our government has been pursuing to grow our economy", he said.

"After careful review of changed circumstances, we will be informing the National Energy Board that we will no longer be proceeding with our Energy East application", company chief executive Russ Girling said in a statement.

Notley said the project would have been a nation-building project benefiting all of Canada through new jobs, investment, energy security and replacing imported oil brought from the USA and elsewhere.

The review process is over, but several legal challenges to the pipeline - including over whether the environmental review adequately considered climate impacts - have tied the project up in the courts.

"The Trudeau government is going to have to take a real hard look at whether their own heavy-handedness with that policy also led to this decision".

"We don't take any joy in whatever decision they chose to take, our concern was always just the drinking water".

Supporters of Energy East said the pipeline was necessary to expand Alberta's markets and decrease its dependency on shipments to the United States.

Heurtel said the project wasn't well explained to Quebecers.

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