Saturday , December 4 2021

New N.B. premier Energy wants to revive East pipeline



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FREDERICTON – The new pioneer of New Brunswick is trying to revive the Energy East pipeline, though the project is dead.

After the National Energy Board changed its environmental assessment process, TransCanada Corporation abandoned the $ 15.7 billion project more than a year ago.

However, with some other prime ministers and federal politicians, Premier Blaine Higgs reinvents the proposed pipeline as a way for more refineries in Eastern Canada to export to more western moves and foreign markets.

Ontario and Quebec also named new prime ministers this year, and Higgs says Energy East thinks it can survive.

Var There's an obstacle now that Ontario has said they're not against the oil from the province. We know that Manitoba and Saskatchewan are good, and we know that Alberta is a way out, Sask Higgs said.

"Right now we see Alberta taking a strong position in buying rail vehicles and saying we need to put oil on the market because they're losing $ 80 million a day."

He acknowledged that Quebec may still be an obstacle, and plans to discuss the project with Premier Francois Legault at his first ministerial meeting in Montreal this week.

"We're talking about interstate trade. There are some important issues, and that's important to us. Something important for our city. We need some gains." Said.

Higgs said he discussed energy with Prime Minister Justin Trudeau two weeks ago. Trudeau said that if Higgs could get Quebec, he would be willing to discuss the matter again.

However, the biggest obstacle could be TransCanada's relevance. The company showed regulatory changes and "changing conditions" as the reason for last year's withdrawal.

In a statement, TransCanada's communications manager, Terry Cunha, said his positions had not changed.

"We have no plans to reconsider the project. We are focused on investing more than $ 36 billion in commercially secured pipelines and power generation projects in North America, including Keystone XL and the Coastal Gaslink project in BC . " Wrote.

Higgs said he was not surprised by the position of the Calgary-based company.

"If you spend 800 million dollars and shake them politically, decisions are not taken, instead they are deferred and … then the rules suddenly change the middle flows and then you have no way in the future." Higgs said.

Orum I don't blame them.

However, Higgs said he believes that a holding company that applies to the National Energy Board has been established and that the process will continue well. The TransCanada may be willing to go back to the ship.

The Federal Conservative Leader, Andrew Sheer, also became a major East Energy supporter and said the federal Conservative government would try to revive the project.

Alberta Premier Rachel Notley said it was very meaningful to re-launch the project last week.

"If we could find a way to do it more effectively, our government would be very interested in tide water and any other effort directed at another project to supply the Canadian market," Ottawa told reporters in Ottawa. Said. .

Uz Obviously, we're quite perverse because we sold the oil to a $ 10 barrel in Alberta, and then we import it in places like Canada, Saudi Arabia. It doesn't make sense. Bu

Energy East would see most of the western crude oil going to the Irving Oil refinery in Saint John.

Higgs told Energy East that he has not yet discussed resurrection with Irving, that he has worked for more than 30 years and has retired as a senior executive before entering politics.

Di I know their interests will still be there because they would balance at least 100,000 barrels a day of foreign crude oil, perhaps more. They are still there because they are there and still buying foreign crude oil. Bu

However, New Brunswick Green Leader David Coon says Higgs has to change 180 degrees and instead tries to reduce dependence on fossil fuels.

"The World Meteorological Organization has announced that if we continue to follow the path we are currently following, it will be a disaster that will exceed the Paris agreement by three to five degrees," he said.

However, a research published by the Canadian Institute for Energy Research in January concluded that refineries in Canada and Canada will see lower supply costs and lower greenhouse gas emissions if they purchase more Canadian crude oil.

In the study, the use of Canadian origin oil wherever possible on existing oil pipes, rail vehicles and ocean tankers will lead to a 47 per cent reduction in foreign oil imports to East Canada, which will save $ 210 million per year. more than two million tons of carbon dioxide or about 5.7 percent.

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