PM hasn't changed position on Energy East pipeline after visiting Alberta

CALGARY -- Meetings with Alberta's premier, oil industry leaders and workers haven't changed Prime Minister Justin Trudeau's position on a pipeline to the East Coast.

See Full Article

"I am not going to prejudge or shortcut the (National Energy Board) process as it goes forward," he said Thursday after meeting with oil and natural gas producers and their suppliers.

"It's important we have confidence in our regulators," he said. "We are going to allow them to do their job without political interference."

In his first official visit to Alberta as prime minister, the oil sector was looking for strong signals that Trudeau is serious about helping deliver its commodity to coasts where it can be shipped to foreign markets.

A key plank in that plan is Energy East, a controversial pipeline that has drawn the ire of many along its route through Central Canada to the Atlantic coast.

Trudeau has faced pressure from pipeline proponents and some politicians, including Saskatchewan Premier Brad Wall, to advocate for the project rather than play peacemaker between opposing sides.

But Trudeau said one of the challenges his Liberal government faces is that "my predecessors have politicized that process."

"For 10 years, they had a government that did everything it could to try get those pipelines built, including marginalizing community voices, ignoring First Nations concerns and completely forgetting about environmental responsibilities," Trudeau said.

"And that approach -- for 10 years -- failed Alberta, failed Albertans, wasn't able to get the kinds of projects that were needed, built. We have a different approach that says ... instead of excluding people from the conversation, bring them in."

Trudeau, federal Natural Resources Minister Jim Carr and Premier Rachel Notley took part in two roundtables Thursday morning. The first was with senior executives from Shell, Suncor Energy (TSX:SU), Husky Energy (TSX:HSE), Cenovus Energy (TSX:CVE), Canadian Natural Resources (TSX:CNQ), Imperial Oil (TSX:IMO) and Encana (TSX:ECA).

Suncor Energy CEO Steve Williams said the meeting was encouraging, but there were no assurances on pipelines.

"We clarified some of the challenges in front of us with the price cycle, with market access, and we talked about some potential solutions," Williams said.

"What we got today was an understanding of the challenges we face and agreement that we're all going to do what's in the best interests of Alberta and Canada, which is to start to work towards market access for our products."

Trudeau said industry leaders told him at the meeting that their main concern is employing as many people as possible through the downtown.

As he did in Edmonton on Wednesday, the prime minister continued to signal that changes are coming to make employment insurance easier to get for laid-off Albertans.

"We are working very hard, the minister of Employment is looking into it," he said.

"As you know this was a commitment we made through the election campaign to strengthen EI to make it more responsive to people who actually need ... and now Alberta is facing some real challenges in needing it and we're going to make sure that it's there for them."



Advertisements

Latest Economic News

  • CMHC to hike mortgage insurance premiums by an average of $5 a month

    Economic CBC News
    The Canada Mortgage and Housing Corporation will charge borrowers a few dollars more every month to insure their mortgages starting in March. The housing agency made the announcement in a release Tuesday. Starting March 17, CMHC will charge mortgage holders slightly more every month to insure their loans. Source
  • Silk, steam and slogans: Inside a North Korean factory

    Economic CTV News
    PYONGYANG, Korea, Democratic People's Republic Of -- As the morning light poured through large windows, women wearing olive-colored overalls, pink aprons and headscarves stood at stations where silkworms were being boiled. Some used their bare hands to pull silk thread from the boilers and winced as the steam rose toward their faces. Source
  • CMHC to raise mortgage insurance premiums for homebuyers as of March 17

    Economic CTV News
    OTTAWA - Canada Mortgage and Housing Corp. is raising the cost of mortgage loan insurance effective March 17. The Crown corporation estimates the increases will add about $5 to a monthly mortgage payment for its average homebuyer. Source
  • Rolls Royce agrees to pay $808 million on bribery claims

    Economic CTV News
    LONDON - Jet engine maker Rolls Royce has agreed to pay 671 million pounds ($808 million) to settle bribery and corruption charges brought by authorities in Britain, the U.S. and Brazil. A U.K. High Court judge will examine the deferred prosecution agreement during a public hearing on Tuesday. Source
  • British American Tobacco agrees to take over Reynolds

    Economic CTV News
    LONDON -- British American Tobacco Plc has agreed to fully take over Reynolds American Inc. in a deal that will create the world's largest publicly traded tobacco company. The $49 billion takeover was agreed on improved terms compared with an initial bid made last year. Source
  • Malaysia Air on rebound as missing flight search called off

    Economic CTV News
    HONG KONG -- Nearly three years after twin disasters took it to the brink of financial collapse, Malaysia Airlines' new CEO says the airline's recovery is going better than expected. The search for the airline's Flight 370 that went missing in March 2014 with 239 people on board was suspended Tuesday. Source
  • Top-down solutions from Davos elite out of step with populist anger: Don Pittis

    Economic CBC News
    In the Swiss resort town of Davos amid the glare of media attention, movie stars, billionaires and politicians have gathered once again to tell us what we are doing wrong and how to start doing things right. Source
  • Why the Dow Jones hitting 20,000 is meaningless

    Economic CBC News
    There are few things economic experts agree on. That the Dow Jones Industrial Average is ridiculous as an economic indicator is one. That its milestones are meaningless is another. For weeks now, headlines have been breathlessly anticipating the Dow breaking through the 20,000-point mark. Source
  • The Dow Jones Industrial Average is ridiculous — and its 20,000-point milestone doesn't matter

    Economic CBC News
    There are few things economic experts agree on. That the Dow Jones Industrial Average is ridiculous as an economic indicator is one. That its milestones are meaningless is another. For weeks now, headlines have been breathlessly anticipating the Dow breaking through the 20,000-point mark. Source
  • Shell Canada seals second deepwater well off Nova Scotia, silent on results

    Economic CTV News
    HALIFAX - Shell is moving to seal off the second of its two deepwater exploration wells off Nova Scotia. The company began work on the Monterey Jack well on the Scotian Shelf on Sept. Source