We wish to refute this statement by Council of Canadians chairperson Maude Barlow published in The Nugget, and provide her with evidence that the $12-billion Energy East project will bring benefits to our provinces and Canada as a whole.
“There’s no argument for this pipeline. It’s an export pipeline and we don’t need it,” Barlow said.
Quebec and New Brunswick currently import more than 700,000 barrels of oil every day – or 86 percent of their refinery needs – from countries such as Algeria, Iraq, Saudi Arabia and Nigeria. At current oil prices, this is over $75 million drained out of the Canadian economy – every single day. Energy East proposes to connect Western Canada’s resources to Eastern Canada’s needs. Greater supplies of domestic crude would improve the financial viability of eastern Canadian refineries by giving them access to less-expensive, stable domestic supplies.
Once this primary purpose is served, Energy East will supply export markets. TransCanada has always been open about this and it is not something we are shying away from. Exports are a good thing for our country. They provide economic growth. They create jobs. They generate tax revenue that helps our provinces build new universities, resurface hundreds of kilometres of highways or provide our seniors with home care.
Complete article: North Bay Nugget – Published April 11, 2014