A proposed pipeline which would have taken oilsand product from Alberta to New Brunswick, running through southern Saskatchewan and Manitoba is not going ahead.
Calgary-based TransCanada Energy is going to inform the National Energy Board that it will no longer be proceeding with its applications for the Energy East and Eastern Mainline pipelines.
The company is also going to withdraw from a Quebec environmental review.
Negative reaction across the board
Regina Mayor Michael Fougere calls this announcement an opportunity lost.
“It’s just not a good day for Canada.” Fougere stated.
He’s not questioning TransCanada’s decision, saying it was a business decision.
The Chief Executive Officer of the Regina Chamber of Commerce says disappointment can hardly describe the reaction. John Hopkins says any thought of reaching energy independence is now gone.
“It really begs the question ‘what are we going to do about this as a country?’ Hopkins said. “How do we get some of these projects that position us for the future done now?”
Hopkins says the announcement ensures Canada is going to continue to have lower prices for our oil.
Saskatchewan’s Environment Minister, Dustin Duncan says not only does it cost the province and the country thousands of jobs and billions of dollars in tax revenue, it’s also hurting the environment .
“It just means that more and more oil is going to be exported by rail, which we know is not as safe as pipeline, or by truck. And so we’re going to either take up space on the rail-lines that should be used to move Agricultural products, or we’re going to continue to clog up the highways with trucks going up and down the highways with oil.”
Like others, Duncan says this decision keeps Canada from becoming energy independent and forced to rely on countries like Saudi Arabia and Venezuela who may not have advanced environmental or human rights laws.
Premier Brad Wall released a statement and said we have lost and opportunity to improve the quality of life in Canada.
President of the Yorkton Chamber of Commerce Brent Murdock says it’s sad to hear that the Energy East pipeline project has been cancelled. Murdock is not seeing the announcement as an east-west issue, but rather from a different angle.
“It’s the actions of an inept Federal Liberal government bowing to social interest groups rather than doing what’s best for a majority of Canadians.” Murdock said.
Murdock says this is hard to swallow, since the Energy East pipeline especially was going to provide thousands of jobs.
(With files from CKRM)