National Post

New Brunswick hopes to gain from Quebec’s Energy East loss
National Post

Businesses in New Brunswick are cheering the prospect their province could be the only export point for crude oil transported through the proposed Energy East pipeline amid reports that TransCanada Corp. has cancelled plans for its Cacouna marine terminal in Quebec.

“It’s all going in the right direction for us and we’re ecstatic,” David Duplisea, CEO of the Saint John Region Chamber of Commerce, said Wednesday in a telephone interview. Saint John is the end-point of the $12-billion Energy East pipeline route from Hardisty, Alta.

Mr. Duplisea’s enthusiasm comes amid Quebec media reports that Calgary-based TransCanada has dropped plans to build a second crude oil export terminal at Cacouna on the St. Lawrence River as part of the pipeline route after critics said the facility would damage beluga what habitat.

In the absence of another export terminal, the expanded Canaport terminal at the Port of Saint John would be the only export terminal along the 4,600-kilometre pipeline route, which would carry 1.1 million barrels of oil produced in Western Canada to refineries in Montreal, Quebec City and Saint John every day. TransCanada says crude delivered via Energy East could replace the 700,000 barrels of imported oil those refineries process on a daily basis.

The additional crude would be shipped through terminals to international markets, which Mr. Duplisea said would provide “such a boost” to businesses in his city. He said the area was already expecting a $195 million bump in its gross domestic product as a result of the pipeline — even if it was one of two export points for the crude oil.

Au Nouveau-Brunswick, les gens sont fous de joie parce que le Québec a dit non au projet de port pétrolier de Cacouna; ce refus signifie plus de retombés économiques pour leur province…

Ici les gens sont fous de joie parce que les enverdeurs ont réussi à bloquer le projet…

Le Québec, Terre de Caïn