TransCanada won't move forward with Energy East pipeline

TransCanada won't move forward with Energy East pipeline

After the Canadian government chose to look closely at the potential climate impacts of the project, tar sands pipeline developer TransCanada scrapped plans to build a pipeline from the Alberta tar sands to the East Coast of Canada, where oil would have been loaded on tankers bound for refineries in the Gulf Coast. Here's a timeline of events in the controversial pipeline's history.

The proposed project is a 4,500-kilometre pipeline created to carry 1.1 million barrels of oil a day from Alberta and Saskatchewan to refineries in Montreal and Saint John, N.B. The project includes converting an existing natural gas pipeline to carry crude and building new segments of pipeline to complete the route.

He added that TransCanada will also withdraw from a Quebec environmental review.

It will now inform the federal and provincial regulators that it will no longer be proceeding with its applications for the projects.

Saskatchewan Premier Brad Wall said Ottawa is ultimately to blame for TransCanada's decision to cancel its proposed Energy East Pipeline and says the government's actions have undermined national unity.

Suncor Energy Inc. (TSX:SU), Canada's largest oil, gas and refining company by market capitalization, had hoped Energy East would allow it to replace USA and offshore oil at its 137,000-barrel-per-day Montreal refinery, said spokeswoman Sneh Seetal.

"Energy East was just the latest in a string of ill-conceived tar sands pipeline projects".

But Adam Scott, a senior adviser at the environmental group Oil Change International, had a different interpretation.

December 17, 2015: TransCanada files an amended application and cost estimate of $15.7 billion for Energy East. [The] company that made 700 changes to its plans as part of that response.

Canadian Association of Petroleum Producers CEO Tim McMillan said the Energy East cancellation would force Canada to rely more on the be it's "broker" for oil and gas produced domestically at a time when the North American Free Trade agreement is being renegotiated.

Meanwhile, Montreal Mayor Denis Coderre celebrated the Energy East announcement on Thursday, suggesting in a series of tweets that citizen groups and local politicians from the Montreal-area played a key role in putting a stop to the project.

March 7, 2016: Protesters in Quebec disrupt hearings into the Energy East project seconds after they officially started.

Environment Minister David Heurtel says he wanted the $15.7-billion project to be subject to the province's environmental regulations.

The Nebraska Public Service Commission is reviewing the Keystone XL plans and has until November 23 to decide whether to approve or deny the project. The NEB now has 21 months to hold hearings along the 4,500-kilometre route from Alberta to New Brunswick and report to government whether the pipeline is in the national interest.

Cancelling a pipeline project is a major win for environmental and climate advocates.

The demise of the pipeline comes less than a year after the Canadian government rejected another export pipeline, Enbridge Inc's Northern Gateway, and is a further setback for Canada's oil industry which is already hurting from low global crude prices.

He said Coderre leads a city that used to use a pipeline to dump raw sewage into the St. Lawrence Seaway, and added "When Coderre cheers for the end of this pipeline, he cheers for the imported oil we buy from Saudi Arabia, where women can now drive, but the public beheadings continue".

"Irving Oil wishes to thank the countless organizations, companies and individuals who supported this project and believed in its value for our country", says Whitcomb.

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