PM says he doesn't want to 'shortcut' NEB on Energy East pipeline

CALGARY -- Prime Minister Justin Trudeau offered a sympathetic ear to major players in Canada's oilpatch Thursday, but didn't provide any assurances on the fate of the pipelines Alberta so desperately wants to move its product to the coasts.

See Full Article

Trudeau, federal Natural Resources Minister Jim Carr and Alberta Premier Rachel Notley took part in one-hour roundtables with oil and natural gas producers and their suppliers.

The province's oil sector is looking for signals that Trudeau is serious about seeing pipelines built that will move its commodity to where it can be shipped to foreign markets.

The Energy East project is seen as a key plank, but the controversial pipeline has drawn the ire of many along its route through Central Canada to the Atlantic coast.

The prime minister was asked after the meeting if he told the industry that the federal government would approve Energy East if approved by the National Energy Board.

Trudeau repeated his criticism of the previous Conservative government and its politicization of pipelines. He said he would not do the same.

"I'm not going to prejudge or shortcut the NEB process as it goes forward," Trudeau said. "It's important that we have confidence in our regulators. It's important they do their job and we're going to allow them to do their job without political interference."

The president and CEO of Suncor Energy (TSX:SU), Steve Williams, said the meeting with Trudeau was encouraging, but there were no guarantees about pipeline approvals.

"I think assurances is too strong a word. I think what we agreed was that we understood the need for them and we're all going to go away and work towards that end," Williams said.

Mark Salkeld, president of Petroleum Services Association of Canada, also found a reason for optimism after the meeting. He said industry players asked Trudeau to "be our champion" because energy is Canada's economic engine.

"We weren't looking for handouts. We weren't looking for incentives to get us through to the next stage. We're looking for things that will put our employees back to work," said Salkeld.

Action is needed quickly, Salkeld added.

"It's critical. I mean this industry is essentially on its knees right now in Canada. If we don't get things moving relatively quickly there's going to be a generational loss," he said.

Alberta Energy Minister Marg McCuaig-Boyd said Trudeau was paying close attention.

"We just had a great conversation that talked about the urgency of some of the challenges we're facing," she said. "There was no particular ask (from the participants)."

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 it ... 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

  • BlackBerry COO Marty Beard resigning to deal with family situation: CP

    Economic CTV News
    TORONTO -- A person with knowledge of the situation says that BlackBerry Ltd.'s chief operating officer has resigned in order to deal with a family health issue. The source who spoke on condition of anonymity says that Marty Beard will leave the company effective Dec. Source
  • Loblaw pre-orders 25 Tesla electric trucks for undisclosed price

    Economic CTV News
    MONTREAL -- Loblaw Companies Ltd. says it is among the first purchasers of Tesla's new electric truck. Canada's largest supermarket chain (TSX:L) says it has pre-ordered 25 of the vehicles called the Tesla Semi. Source
  • Canadian funds like energy stocks despite potential rejection in Norway

    Economic CTV News
    CALGARY -- Oil and gas investments may have soured for managers of the Norwegian sovereign wealth fund but a Canadian fund says it has plenty of room for such securities in its portfolio. In a letter this week, Norway's central bank urged the Norwegian government to consider divesting oil and gas company shares held in the US$1-trillion oil fund to avoid the risk of permanently lower commodity prices. Source
  • Keystone spill clean up underway in South Dakota as pipeline vote looms

    Economic CTV News
    CALGARY -- TransCanada Corp. said Friday that work is well underway to clean up a sizable oil leak at its Keystone pipeline in South Dakota that occurred days before a vote on the fate of the company's flagship pipeline proposal. Source
  • Volkswagen accelerates push into electric cars with big spending plan

    Economic CBC News
    Volkswagen approved a 34-billion-euro ($51 billion Cdn) spending plan on Friday that accelerates its efforts to become a global leader in electric cars. The world's largest carmaker by unit sales will spend the money on electric cars, autonomous driving and new mobility services by the end of 2022, it said after a meeting of its supervisory board. Source
  • Loblaw to be early adopter of Tesla's all-electric Semi

    Economic CBC News
    Walmart is planning to test Tesla's electric trucks in Canada and the U.S., it said Friday, just a day after the unveiling of the all-electric Tesla Semi. The retail giant becomes the second U.S. company to commit to trying the new technology as an alternative to diesel, after J.B. Source
  • Walmart, J.B. Hunt truck operations sign up for Tesla's all-electric Semi

    Economic CBC News
    Walmart is planning to test Tesla's electric trucks in Canada and the U.S., it said Friday, just a day after the unveiling of the all-electric Tesla Semi. The retail giant becomes the second U.S. company to commit to trying the new technology as an alternative to diesel, after J.B. Source
  • Quebec biofuel company partners with Qantas in effort to cut emissions

    Economic CBC News
    A Quebec biofuels company has signed its first deal to power an airline's jets with energy grown from Canadian oilseeds. Agrisoma Biosciences Inc. of Gatineau will supply biofuel to Australia's Qantas Airways made from Carinata seed, a non-food, industrial type of mustard seed that produces oil suitable for aviation and diesel fuel. Source
  • Bombardier to hire 1000 workers in Montreal for Global 7000 business jet

    Economic CTV News
    Bombardier confirmed this morning that it will hire about 1,000 workers over the next 18 months for its new Global 7000 business jet. The workers will complete the interiors for the company's largest business aircraft. Source
  • Bombardier hiring 1,000 to work on Global 7000 aircraft

    Economic CBC News
    Bombardier is hiring about 1,000 workers in the Montreal area to work on its Global 7000 business aircraft program, the company said Friday. The company said the workers will be hired over the next 18 months for interior completion work on the aircraft. Source