Prime Minister says pipeline to east coast helps build Canadian energy security - Macleans.ca
 

Prime Minister says pipeline to east coast helps build Canadian energy security


 

Michael Tutton, The Canadian Press

SAINT JOHN, N.B. – The proposed Energy East Pipeline isn’t solely to transport Alberta’s crude to world markets, but also to finally provide the East Coast with a large, secure supply of domestic oil, Prime Minister Stephen Harper said Thursday.

Harper was visiting the Irving Oil refinery in Saint John, where he said the TransCanada (TSX:TRP) pipeline would benefit consumers in Atlantic Canada, a region that depends on foreign sources of oil.

“We’re not just expanding our markets for our energy projects, which we need to do,” said Harper, seated next Premier David Alward and Irving Oil chairman Arthur Irving.

“We are also at the same time making sure that Canadians themselves benefit from those projects and from that gain energy security.”

The Energy East pipeline project, which still has to clear regulatory reviews, would deliver up to 1.1 million barrels per day from Western Canada to Quebec in late 2017. A 1,400-kilometre extension would be built to ship oil to Saint John a year later.

Some experts have expressed doubt that the pipeline would have much impact on the region’s fuel market, saying that energy companies are eager to ship their oil at the ice-free, deepwater port in Saint John because it would enable them to access more lucrative markets overseas by tanker.

The $12-billion development has the support of the Alberta and New Brunswick governments, but the minority Parti Quebecois government of Pauline Marois has remained noncommittal on the proposal.

Harper prefaced his remarks by saying the federal government will remain independent from the project and ensure it is properly regulated. But he also repeatedly said the idea was “exciting” and praised the private sector’s efforts to make it a reality.

“It’s a project that will assure all of Canada will benefit from our energy industry,” he said.

“We will have a large amount to sell to the world, but for the first time we will have the capacity to sell our own products to our citizens.”

Irving Oil has said it plans to construct a $300-million marine terminal to expand shipping, a decision prompted by the private sector interest in the west-to-east pipeline project as announced by TransCanada last week.

Environmental groups have cautioned the proposal poses a fresh set of risks to the country’s water supply if spills occur. First Nations groups have also expressed concerns about the project, saying they will not support it unless environmental protection and aboriginal and treaty rights are guaranteed.


 
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Prime Minister says pipeline to east coast helps build Canadian energy security

  1. The NEP returns.

    • !diot!

      • Oh I see….makes a difference if Harper does it eh?

        • Harper prefaced his remarks by saying the federal government will remain
          independent from the project and ensure it is properly regulated. But
          he also repeatedly said the idea was “exciting” and praised the private
          sector’s efforts to make it a reality.

          • The refineries will be paying the market price for the oil.

            Completely different from the NEP when Turdeau and the Lieberals set the price that the east would pay.

          • Well m’dear….why would the east buy it at market price?

            Not much point if we don’t get a discount.

    • I think we’ve been over this; the government controlling prices is not remotely similar to private industry responding to an existing price differential.

      • Oh heavens, of course not.

        No similarity whatsoever.

        Pssst OPEC

        • So several countries agreeing to control their production of oil in an attempt to control world oil prices is the same thing as a pipeline in Canada undertaken by private industry to take advantage of an existing price differential?

          I think you may have to explain that one.

          • LOL not much ‘explaining’ to do.

            OPEC sets the world price of oil.

            Private industry is going to be willing to take less? Why?

            Goodness of their heart eh?

          • I’m still waiting for the part that enlightens me as to how the Energy East pipeline is the same as the National Energy Program.

          • You know how….but you just had your escape hatch closed.

          • So Prime Minister Trudeau forcing private industry to sell discounted crude to Eastern and Central Canada is the same as private industry building a pipeline that takes advantage of an existing price differential?

            One of them is a top down, coercive, authoritarian strangling of private industry which forcefully took from the West to give to Central Canada (reducing wealth in the country overall). The other is purely private industry acting in their best interests and generating wealth within Canada. How does OPEC setting world oil prices make these two things the same?

          • Same thing dude. So enough with the games.