The National Energy Board gave their approval on TransCanada’s application to put the Energy East pipeline on hold, prompting the company to go back to the drawing board to ensure profitability and viability of the project before proceeding.
They’re already dealing with pricey carbon taxes and now the NEB has brought in new regulations on emissions the company will have to consider.
We’ve now learned the new NEB panel wants to factor both upstream and downstream emissions into the equation for Energy East which could come from parts of the process that are out of the control of TransCanada.
The NEB also decides who will do the impact assessment and have chosen the Pembina Institute.
That’s the same Pembina Institute that received $95K from Tides U.S. - a foundation known to fund anti-oil activism in Canada.
Basically, the federal government’s climate change dogma is killing a privately funded $13.7B project that could decrease Canada’s dependence on Middle East conflict oil and bring jobs and economic prosperity to the country.
Sadly, the Liberals are against pipeline development and the only difference between now and before Trudeau and McKenna came to power is that back then, they were on the protest line and now they’re in the boardroom.