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

  • Asian stocks mixed as investors examine French election outcome

    Economic CTV News
    TOKYO -- Asian stocks were mixed Monday as investors weighed the results of the first round of the French presidential election. KEEPING SCORE: Japan's benchmark Nikkei 225 rose 1.3 per cent in morning trading to 18,870.24. Source
  • Oregon teens sells $1 million in custom socks

    Economic CTV News
    SHERWOOD, Ore. -- Seventeen-year-old Oregon resident Brennan Agranoff spends his days going to school, doing chores and running his custom-design sock business. It's no simple hobby: Agranoff is the founder and CEO of HoopSwagg, and he has already sold $1 million in custom socks. Source
  • Oregon teen sells $1 million in custom socks

    Economic CTV News
    SHERWOOD, Ore. -- Seventeen-year-old Oregon resident Brennan Agranoff spends his days going to school, doing chores and running his custom-design sock business. It's no simple hobby: Agranoff is the founder and CEO of HoopSwagg, and he has already sold $1 million in custom socks. Source
  • The sad saga of North Korea's ATMs

    Economic CTV News
    PYONGYANG, North Korea -- No modern airport terminal is complete without an ATM, and Pyongyang's now has two. But they don't work -- because of new Chinese sanctions, according to bank officials -- and it's not clear when they will. Source
  • Real estate reality check: CBC's Marketplace consumer cheat sheet

    Economic CBC News
    Miss something this week? Here's the consumer news you need to know from CBC's Marketplace. Get this in your inbox every Friday. Sign up here. House cooling Time for some cold water on that hot southern Ontario real estate market? Here's how the province is proposing to rein in the madness. Source
  • Birthing April the Giraffe becomes cash cow for tiny U.S. zoo

    Economic CTV News
    April the giraffe has become a cash cow for a tiny zoo in rural upstate New York, thanks to a livestream of her pregnancy and birth that has enthralled viewers around the world. Owners of the Animal Adventure Park won't say exactly how much they've pulled in from all the April-related ventures, but marketing experts who specialize in viral internet campaigns conservatively estimate the haul in the hundreds of thousands of dollars. Source
  • Despite special regulations, edible entrepreneurs hope to take bite of Canada's marijuana market

    Economic CBC News
    Amid all the uncertainty about the federal government's ?plans to legalize marijuana by mid-2018, a culinary mystery stands out: How will marijuana-infused food products, commonly called "edibles," fit into the legal regime? Ottawa has signalled that regulations governing the sales of edibles won't be ready by the time recreational marijuana becomes legal. Source
  • 'Vital for tenants' or 'textbook' bad policy: How rent control works in NYC

    Economic CBC News
    Before Ontario's provincial government announced its plans to expand rent control, some economists were already sounding alarm bells about imposing the controversial policy. In response to some Toronto tenants who say their rents have doubled, the government on Thursday unveiled its Fair Housing Plan. Source
  • What we can learn from New York's rent control regime

    Economic CBC News
    Before Ontario's provincial government announced its plans to expand rent control, some economists were already sounding alarm bells about imposing the controversial policy. In response to some Toronto tenants who say their rents have doubled, the government on Thursday unveiled its Fair Housing Plan. Source
  • Despite special regulations, entrepreneurs hope to take bite of Canada's marijuana edibles market

    Economic CBC News
    Amid all the uncertainty about the federal government's ?plans to legalize marijuana by mid-2018, a culinary mystery stands out: How will marijuana-infused food products, commonly called "edibles," fit into the legal regime? Ottawa has signalled that regulations governing the sales of edibles won't be ready by the time recreational marijuana becomes legal. Source