Peter Foster: Energy East fix in at the Ontario Energy Board

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Killing pipelines via misinformation and/or studying them to death means killing ‘well-paying’ jobs

Earlier this week, Energy East, the proposal to pipe oil from Alberta to Central Canada and New Brunswick, appeared to receive some rare good news. TransCanada Corp., sponsor of the $12 billion project, announced that it had reached agreement with Ontario and Quebec natural gas utilities concerned that the conversion of part of its natural gas line would mean higher transmission costs for them. It won’t. Unfortunately, that still leaves the project with a thousand other hurdles.

You’d think that a $12 billion project at a time of flagging growth would be popular. After all, aren’t both contenders for Stephen Harper’s crown big on infrastructure?

Read full article here.

Peter Foster -Financial Post – August 28, 2015.

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