TransCanada cancels Energy East pipeline project

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TransCanada cancels Energy East pipeline project

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.

The developer of the Keystone XL pipeline has nixed its plan to build two other pipeline projects in eastern Canada. Here's a timeline of events in the controversial pipeline's history. 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 United States border and has reached production rates in excess of 320,000 barrels per day. The company has said repeatedly that eastern Canadian refiners rely on imports for 86 per cent of their daily needs.

Duplisea agreed that the level of uncertainty made it impossible for the company to proceed with the application.

Canada's Natural Resources Minister Jim Carr said the cancellation was a business decision and oil markets had changed since the pipeline was first proposed.

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

December 17, 2015: TransCanada files an amended application and cost estimate of $15.7 billion for Energy East. "Make no mistake, other companies' decisions to invest in Canada will be informed by this debacle". The construction of the Energy East pipeline was a once-in-a-lifetime opportunity.

The Quebec government soiught an injunction against the Energy East pipeline project in March of 2016.

Environment Minister David Heurtel said TransCanada didn't have much choice but to scrap the project, saying he believes the company realized numerous elements weren't in place successful conclusion of the project.

Wall also took aim at Montreal Mayor Denis Coderre - an outspoken critic of the Energy East project. The NEB decided in August to take into account the greenhouse gas emissions upstream and downstream of the project in its assessment.

TransCanada's decision is also a blow to the ailing economy of New Brunswick province, where the pipeline would have terminated.

Notley reiterated government support from the Alberta NDP for Energy East since the project was proposed and called on the National Energy Board (NEB) to "send a clear message on what the future of project reviews look like in Canada". The NEB board received the motions after a news report revealed the two members met with ex-Quebec premier Jean Charest, who was at the time a paid consultant for TransCanada.

"Whether they like it or not, governments and industry can't ignore us anymore".

The Canadian Energy Pipeline Association (CEPA)

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