TransCanada pursuing Alberta to east coast pipeline
Posted Aug 1, 2013 12:20 pm.
This article is more than 5 years old.
TransCanada Corporation is moving forward with its Energy East pipeline project, calling it a historic opportunity to connect the oil resources of western Canada to the consumers of eastern Canada.
Citing support to move Alberta crude to the east, TransCanada President Russ Girling said pending regulatory approval, the pipeline will move 1.1 million barrels of crude per day, 4,440 kilometres from Alberta to Saint John, New Brunswick.
“This $12 billion project will create thousands of jobs across our country and bring new revenues and business opportunities to local communities,” he said. “It will provide a lower cost source of energy for eastern Canada and reduce our dependence on foreign oil.”
Girling says energy east is but one solution for transporting crude, adding the industry also needs additional pipelines such as Keystone to transport growing supplies of oil to North American markets.
New Brunswick Premier David Alward said the announcement is great news for his province.
Alberta Premier Alison Redford also said she was pleased with the decision.
However, critics argue it is environmentally unsafe, and unlikely to deliver the thousands of new jobs promised by the company and provincial governments.
