Thursday, December 13, 2018Canada's Leading Online Business Magazine

NB Premier Wants Energy East Revived

pipeline image

CBJ — With oil making headlines right across the country, New Brunswick’s new premier joined in the fray by saying he wants to revive the Energy East pipeline — even though the original proponent says the project is dead.

TransCanada Corporation abandoned the $15.7-billion project more than a year ago, after the National Energy Board modified the environmental assessment process.

New Brunswick Premier Blaine Higgs, along with some other premiers and federal politicians, are again pushing the proposed pipeline as a way to get more western crude to refineries in Eastern Canada and for export to foreign markets. New customers are desperately needed now that the United States has become the largest producer of oil in the world, and is no longer as reliant on Canada and other countries to feed its needs.

Higgs said he recognizes Quebec could still be a hurdle and he plans to discuss the project with Premier Francois Legault this week at a first ministers meeting in Montreal.

Higgs discussed Energy East two weeks ago with Prime Minister Justin Trudeau. He said Trudeau would be willing to discuss the issue again if the New Brunswick Premier was able to get Quebec onside.

@CanBizJournal

 

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