Oil Patch Grapples With TransCanada Mess

Frederick Owens
October 6, 2017

Named one of Canada's Top 100 Employers in 2017, Irving Oil operates Canada's largest refinery, in Saint John, New Brunswick, which is located 65 miles north of the USA border and has reached production rates in excess of 320,000 barrels per day. In the summer of 2016, the National Energy Board's review of Energy East was compromised after it was revealed by the National Observer that former Quebec Premier Jean Charest met the chairman and two commissioners on the National Energy Board while working for TransCanada.

". 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.

But its importance has somewhat diminished for TransCanada since the United States this year approved the company's Keystone XL pipeline, which would run from Alberta to U.S. refineries.

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

In the meantime, Saskatchewan Premier Brad Wall expressed disappointment with Quebec's decision to seek an injunction over the Energy East pipeline.

As Energy East supporters lamented the loss of jobs and revenue, Indigenous opponents, environmental activists and a number of Quebec politicians celebrated.

With this cancellation, there remains one more tar sands pipeline that has been proposed in Canada, taking oil to the West Coast.

He added that TransCanada will also withdraw from a Quebec environmental review.

The company has said repeatedly that eastern Canadian refiners rely on imports for 86 per cent of their daily needs.

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Cancelling a pipeline project is a major win for environmental and climate advocates.

The company said it will focus on it its $24-billion near-term capital program after dropping Energy East. Several global companies have sold off oilsands projects in the past year. The Calgary-based company refused to give further explanation.

"The emissions associated with new pipelines are inconsistent with our climate imperative and the threat to waterways, wildlife, and lands was enormous".

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.

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.

"Again it shows how local governments can make a difference", Coderre explained.

"In a world where the oil sands were growing and the price of oil was really high, it didn't really matter that that pipeline was a little pricier to ship on, because it was still a lucrative proposition", he said.

That's because the business case to build the pipeline has always been looking less than clear, he noted.

The company suspended its application on Sep.

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