This video presents “TransCanada announces plan for oil pipeline across Canada.”
- “Canadian oil firm, TransCanada, has announced plans to construct an oil pipeline that will run from western Canada to the Atlantic coast, Reuters reports.”
- At the same time, TransCanada’s Keystone XL project, which would make Canadian oil available to the U.S., has been stalled in response to resistance from environmental groups, according to Reuters.
- The proposed pipeline would carry 800,000 barrels a day from Alberta to refineries on the Gulf of Mexico.
- TransCanada is waiting on a decision from the White House to proceed, Reuters said.
- The proposed Canadian East Energy pipeline will run from Hardisty, Alberta to a new deep-water seaport in St. John, New Brunswick.
- At capacity, it will be able to transport up to 1.1 million barrels per day, according to the BBC.
- The pipeline would meet eastern Canada’s oil needs which are currently being met with foreign resources.
- Eighty-two percent of the oil refined in Canada’s Atlantic Region is imported from other countries, while the figure for Québec province is 92 percent.
- Surplus oil from the west would be available for export.
- The pipeline project will link new construction with 1,900 miles of an existing natural gas line.
- It could deliver crude to refineries in Montréal, Québec and St. John, Reuters reported.
- It is slated to be in service by late-2017, with deliveries to New Brunswick expected by 2018.“
TransCanada announced its Energy East oil pipeline proposal on August 1, 2013. The proposal is an interprovincial undertaking that requires approval from the National Energy Board to proceed.
- The Ontario government has asked the Ontario Energy Board (OEB) to undertake consultations and prepare a report on the proposed Energy East Pipeline.
- The consultation process will provide an opportunity for all Ontarians, including First Nation and Métis communities, and stakeholders to share their views on the pipeline proposal.
- The province supports an expanded and diverse supply of energy across Canada and acknowledges the potential economic benefits from the proposed project.
The proposed Energy East Pipeline is a project that falls under the jurisdiction of the National Energy Board, and the OEB’s report will inform Ontario’s participation in the federal approval process.
- The provincial submission will be comprehensive and will consider every viewpoint, in particular the reliability of the existing natural gas supply used by Ontario families and businesses.
To ensure the project is in the best interest of Ontarians, the report will consider: