TransCanada has proposed to convert a 3,000-km portion of its Canadian Mainline and build an additional 1,600 km of new pipeline to take crude oil from Western to Eastern Canada. The Energy East Pipeline will transport 1.1 million barrels of oil every day from Alberta and Saskatchewan to refineries and *port terminals in Eastern Canada. This $12-billion energy infrastructure project will create jobs, tax revenue and energy security for Canadians.
Five Key Energy East Pipeline Project Achievements
The Energy East Pipeline Project will:
1. Improve oil transportation safety.
TransCanada has been in the pipeline business for more than 60 years and is a leader among its peers with one of the best safety and operating records in the industry. Canadians should be proud of their homegrown pipeline industry, which provides the safest, most cost-effective and environmentally responsible option to transport oil over long distances.
As new technologies become available, TransCanada continues to invest in research and development, and spend an average of $900 million every year on pipeline safety and integrity. We’ve earned a reputation for delivering energy safely. For instance, our Keystone Pipeline System has safely transported more than 600 million barrels of oil to the United States since it began operating in July 2010. At TransCanada, our goal is zero pipeline incidents that impact public safety or the environment. This is what we strive for every day on our 70,000 km infrastructure network across North America – and Energy East will be no exception.
Learn more about our safety standards.
2. Create thousands of jobs:
When it goes ahead, the project will create 10,000 direct full-time jobs during development and construction of the pipeline between 2013 and 2018, according to an independent economic analysis of Energy East conducted by Deloitte. Many experts view these forecasts as conservative. The pipeline will support another 1,000 full-time jobs once it begins service, and lead to the creation of thousands of indirect jobs in Alberta, Saskatchewan, Manitoba, Ontario, Quebec and New Brunswick.
These much-needed jobs will be in all fields of work from refineries, electric power generation and construction to architecture, trucking, banking, food services and hotels. The project will also spur activity in complimentary industries such as plastics, chemicals or fertilizer plants. The millions of dollars in salaries earned each year as a result of the Energy East project will benefit many families who live along the pipeline’s path, and whole communities as employees spend their earnings in local retail stores, restaurants and service providers.
Learn more about Energy East jobs
3. Boost economic activity in our provinces.
Energy East will deliver significant economic benefits to the six provinces it runs through, drive economic growth, and increase tax revenues during its development, construction and operation phases. This pipeline, which will traverse our nation and essentially connect resources to markets, will create a combined $35 billion in gross domestic product (GDP) or wealth creation for the Canadian economy. This is a huge amount and to put it into perspective, it would be enough to pay the annual salary of 62,500 Canadian teachers for 10 years.
Energy East will also provide a substantial increase in tax revenue for many municipalities along the pipeline’s route. The project will generate an estimated $10 billion in tax revenue. This means more spending that is not coming out of taxpayers’ pockets to fix highways and bridges, build waste-water treatment plants or buy school buses and fire trucks.
4. Push foreign oil out of Eastern Canadian refineries.
Our country holds the world’s third largest oil reserves, and yet 86 percent of the oil refined in Eastern Canada is imported from countries, such as Algeria, Iraq, Saudi Arabia and Nigeria, which makes no sense. Energy East would move our domestic resources across the country to supply refineries in Ontario, Quebec and New Brunswick with less-expensive crude. Eastern Canadians should not depend on expensive foreign oil that risks being cut off at a moment’s notice due to geopolitical turmoil in the Middle East or Eastern Europe. Energy East can offer Canadians a reliable alternative to fuel their cars and power their businesses. This benefits all of us.
5. Work together with communities across the country.
Since announcing the project in August 2013, TransCanada has engaged nearly 500 communities along the pipeline’s route, and held more than 80 open houses from Alberta to New Brunswick to ensure we can answer your questions and get feedback from First Nation and Métis communities, landowners and local community members. We are proud of the Energy East project, which will create opportunities and energy security for Canadians, and we want to build as much support as we can for it. We want to be more than a pipeline company; we work hard to be a trusted neighbour.
Learn more about our Engagement Beliefs.