Alberta, NB premiers disappointed by cancellation of Energy East pipeline project

Energy East pipeline

Energy East pipeline

The company also said it abandon its Eastern Mainline gas pipeline project.

The Calgary-based company refused to give further explanation.

The Energy East Pipeline would have carried over one million barrels of oil every day from Alberta and Saskatchewan to be refined and exported in Quebec and New Brunswick.

As Energy East supporters lamented the loss of jobs and revenue, Indigenous opponents, environmental activists and a number of Quebec politicians celebrated.

"We are proud of the hard work and commitment to the Energy East project shown by our employees and TransCanada over the last four years", says Whitcomb.

January 27, 2017: The new National Energy Board panel tasked with reviewing the Energy East pipeline decides to throw out all of the decisions made by the previous panel.

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Watch below: Natural Resource Minister Jim Carr says the TransCanada decision to cancel the Energy East pipeline was not motivated by government policies, but rather changes in the markets and commodity prices.

March 1, 2016: National cohesion on Energy East drifts further out of reach after the Quebec government announced plans to seek an injunction against TransCanada.

Energy East would have carried oil from Alberta and Saskatchewan to refineries on the east coast for processing, and shipment overseas.

The decision to abandon the project comes amid low oil prices and an expected slow-down in oilsands production.

Girling assured investors that he expects TransCanada will continue to focus on its $24-billion near-term capital program, which he said will support growth in its annual dividend.

The Canadian Energy Pipeline Association (CEPA)

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"We're disappointed", she said.

Citing "changed circumstances" company President Russ Girling says they will be informing the National Energy Board of their plans to cancel the project.

Montreal Mayor Denis Coderre, who has opposed the pipeline on environmental grounds, said he was thrilled to see it abandoned. The nation's regulators must ensure that decisions on infrastructure projects can be made in a timely manner so as not to put domestic producers at a competitive disadvantage, the company said in a statement. "That is neither fair nor appropriate; we ought not to ask a proponent to take a multi-billion gamble on a process that changes simply because a dog barked on Upper Teacup Road", Canada's Building Trades Union chief operating officer Robert Blakely said in a release.

That Trans Mountain approval happens to be under a legal microscope this week as Indigenous and environmental groups and BC cities argue the process failed to take into account the impact the pipeline could have on everything from killer whales to waterways.

October 8, 2015: Environmental group Environmental Defence says the National Energy Board is rushing the process for Energy East by gathering oral traditional evidence from aboriginal bands before it has received a complete application.

On Thursday, Notley called on the NEB to explain what future project reviews will look like in Canada.

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Jean, one of two UCP MLAs in the oil heartland of Fort McMurray, also pointed his finger at Notley and the provincial government.

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