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TransCanada terminates Energy East pipeline

06 October 2017

"After careful review of changed circumstances, we will be informing the National Energy Board that we will no longer be proceeding with our Energy East and Eastern Mainline applications", TransCanada said on Thursday.

"We are deeply disappointed by the recent decision from TransCanada", Notley said in a statement.

With this cancellation, there remains one more tar sands pipeline that has been proposed in Canada, taking oil to the West Coast. The province's environmental regulation agency quickly suspended hearings into the project, which were meant to conduct an environmental assessment of the risks and benefits and produce a report to Quebec's environment minister.

Premier Brad Wall issued a scathing statement Thursday blaming Prime Minister Justin Trudeau for the announcement that TransCanada's Energy East pipeline would not go forward. October 5, 2017 amidst an unprecedented announcement from the National Energy Board that it would include upstream and downstream greenhouse gas emissions in its review of the pipeline.

Reaction across the country has been mixed.

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.

In late August, the National Energy Board - an independent regulatory agency that oversees worldwide and inter-provincial oil and gas pipelines - announced it would consider upstream and downstream greenhouse gas emissions in determining whether the Energy East pipeline was in the national interest. That pipeline, however, is now locked up in lawsuits, and the B.C. government is intervening in challenges to its approval.

Picard is a signatory to the Treaty Alliance Against Tar Sands Expansion, a coalition of 150 tribes in Canada and the United States fighting against any and all oilsands pipeline projects.

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However, New Brunswick Premier Brian Gallant told the Globe and Mail he received assurances from Ottawa that the greenhouse gas assessment didn't represent an insurmountable hurdle for TransCanada. "Energy East is dead!" he tweeted in French.

The Saskatchewan Urban Municipalities Association and Regina Mayor Michael Fougere also spoke in favour of Energy East.

"It is a good thing that Mr. Coderre's hypocrisy needs no pipeline for conveyance, for it would need to be very large and could never get approved for construction", he said.

On 7 September the Alberta-based company asked the National Energy Board (NEB) for a 30-day suspension of the two project applications.

Montreal Mayor Denis Coderre said the TransCanada announcement was "a attractive victory" against a "botched" pipeline project.

"Make no mistake, other companies' decisions to invest in Canada will be informed by this debacle".

Carr shrugged off Raitt's criticism, saying there are signs of growth in the energy sector despite "market challenges" posed by sagging oil prices.

TransCanada terminates Energy East pipeline