Page 18 - November 6, 2017
P. 18
THE WEEKLY ANCHOR


THE WEEKLY ANCHOR
PAGE 18 MONDAY NOVEMBER 6, 2017 MONDAY SEPTEMBER 11, 2017 PAGE 35


A Monthly update on the Oil & Gas and Energy Industry

ENERGY EDUCATION IN ACTION







CAODC disappointed by cancellation of Growth in the oil sands projects drives



Energy East Pipeline, loss of Canadian jobs need for more pipelines to 2030: CAPP





Tim McMillan The Canadian Association of Oilwell decision follows a comment period during environmental and human rights records,”
President and CEO Drilling Contractors (CAODC) is which about 820 submissions were received.” he explains. “Right now we can’t even
Canadian Association of Petroleum Producers “extremely disappointed, but not “We are extremely disappointed, but not supply our domestic markets with
surprised” at TransCanada’s cancellation surprised at today’s announcement,” says Canadian oil and gas. It’s disappointing
of the Energy East Pipeline and Eastern CAODC President, Mark Scholz. that 820 letters can change circumstances
Mainline projects. Referring to petition E-216 , tabled at the in a way that leads to a loss of thousands
House of Commons in September of 2016 in of Canadian jobs, a compromised future
In a statement released earlier this support of Canadian oil and gas and pipelines, for Canada’s economy, and the
morning, TransCanada announced the Scholz points out that “It’s sad, confusing, and cancellation of building a safer way to
cancellation of the Energy East Pipeline and frustrating when 820 letters can lead to transport our responsible, ethical
Eastern Mainline projects. This August, derailing a project supported by thousands of resources to Canadians and the rest of the
despite a comprehensive, expensive, and Canadians across the country; a project with world.”
collaborative effort on TransCanada’s the potential to provide thousands of jobs and
behalf, the five year application process— billions of dollars in royalties and tax
which included hundreds of community revenues.”
open houses and meetings, hundreds of Scholz goes on to express concern over the
consultation sessions with Indigenous potential impact the Energy East cancellation
communities along the route, and saw has on investment in the Canadian economy, as
support from thousands of Canadians across well as global emissions. "This outcome sends
the country—encountered yet another a message to potential investors that the rules
hurdle with the National Energy Board’s you spend considerable time, money and effort
(NEB) decision to include upstream and to follow in Canada are subject to continuous
downstream emissions in the project review. change at a moment’s notice.”
In its news release dated August 23, 2017, Regarding emissions, Scholz explains that
the NEB stated it would “consider upstream without market access, Canada’s oil supply
and downstream greenhouse gas emissions will be displaced by other oil producing
(GHGs) in determining whether these nations. “Since 2012, Canada has spent over
projects are in the public interest.” The $100 billion importing oil from other
release went on to indicate that “This countries, many of which have deplorable




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