Political Will Pushing Energy East Pipeline In Canada
Alberta Premier Jim Prentice met his Ontario peer Kathleen Wynne Wednesday as he presses for approval of TransCanada’s (NYSE, TSE:TRP) proposed Energy East pipeline, which would pass through the Central Canadian province.
After their first face-to-face meeting they sounded conciliatory, saying they consider the controversial $12 billion project as a “nation-building” exercise.
Quebec Premier Philippe Couillard released last month a list of seven conditions for the proposed pipeline, which would carry western crude to refineries located on the opposite side of the country. The most important of them is the potential impact of the pipeline on the environment.
But Wynne, reports Canadian Press, says her concerns about the pipeline’s contribution to climate change are limited to greenhouse gas emissions in Ontario and in Quebec from the pipeline project itself.
She added that the seven principles do not extend to “so-called upstream emissions resulting from getting the crude out of the ground, refining and burning it.”
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