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TransCanada cancels Energy East pipeline

06 October 2017
TransCanada cancels Energy East pipeline

The company said Thursday it was abandoning the project after a "careful review of changed circumstances".

Energy East would have given oil producers in Alberta and Saskatchewan, who are heavily dependent on buyers in the US, another market for their crude by carrying about 1.1 million barrels a day to refineries and a marine-shipping terminal in eastern Canada. That pipeline, however, is now locked up in lawsuits, and the B.C. government is intervening in challenges to its approval.

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

"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.

New Brunswick Premier Brian Gallant, another longtime champion of the Energy East project, joined Notley in expressing disappointment with TransCanada's decision.

March 7, 2016: Protesters in Quebec disrupt hearings into the Energy East project seconds after they officially started. Due to its more energy-intensive extraction, transportation, and processing requirements, bitumen is known as one of the dirtiest fuels - and a lifecycle analysis would likely prove the project to not be in Canada's best interest. We got a lot of other things on the go.

"It's a good day for the planet really", said Regional Chief Ghislain Picard of the Assembly of First Nations of Quebec-Labrador. Energy East is just the latest in a growing list of projects that will never see the light of day.

"Our government would have used the same process to evaluate the Energy East pipeline project", he said. Several worldwide companies have sold off oilsands projects in the past year.

Aurore Fauret, Tar Sands Campaign co-ordinator at 350.org said the decision is proof that climate action and pipelines don't mix, and that organized resistance can prevail. The company says the filing with the National Energy Board makes almost 700 changes to the route in response to concerns for environmentally sensitive areas.

"While we recognize the current market challenges related to lower commodity prices, we are seeing signs of growth in the sector".

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

There was a bombshell announcement this morning from Calgary-based TransCanada Corporation.

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.

But the Canadian Association of Petroleum Producers says all the pipelines are needed, predicting in June that national oil production will climb by 33 per cent by 2030 to reach 5.12 million bpd - CEO Tim McMillan said Thursday pipeline capacity will be exceeded under that forecast if Energy East is not in place. Fossil fuel investment is becoming less viable while renewable energy investment increases exponentially.