Energy East hearings interrupted in Quebec by protesters

Quebec’s provincial hearings into the Energy East pipeline proposal began Monday, after being delayed about 15 minutes by singing and chanting protesters who say the project would be bad for the environment.

See Full Article

Energy East would bring a million barrels per day of crude oil from Alberta and Saskatchewan through an existing pipeline to Montreal, and on to a refinery in Saint John, N.B., through 650 kilometres of new pipe.

TransCanada, the company behind the $15.7-billion project, argued that its plan is much safer and more environmentally friendly than the alternative: transporting oil by rail.

Louis Bergeron, Energy East's vice-president for New Brunswick and Quebec, also said the project “will bring a major reduction of foreign imports of oil into refineries in Eastern Canada,” including those in Quebec.

Conservative MP Gerard Deltell made similar arguments on his Facebook page, where wrote that there are already approximately 2,000 km of pipelines already in Quebec, including nine that cross the St. Lawrence River.

“Did we ever see a black tide?” he wrote in French, while pointing out that one of the pipelines dates all the way back to 1941.

Deltell pointed out that the oil Quebec currently uses often comes by boat from foreign countries. “Why send our billions of dollars overseas when they could stay here in Canada?” he wrote, adding that the project will create 3,000 jobs in Quebec alone.

Among those who have stood against the pipeline is Montreal Mayor Denis Coderre, who has said he has concerns about the cost of an oil spill.

Coderre said the pipeline company needs to “redo their homework.”

Coderre and Quebec’s Liberal government have faced anger from those who say they are interfering with federal jurisdiction.

Quebec has promised that the hearings will look at both environmental and economic impacts.

They are expected to wrap up in November.

With a report from CTV News national correspondent Genevieve Beauchemin



Advertisements

Latest Economic News

  • Metrolinx appealing latest court loss over $770M contract with Bombardier

    Economic CTV News
    TORONTO -- Metrolinx has filed an appeal questioning the decision of an Ontario judge last month that preserved the transit agency's contract with Bombardier Transportation. The notice of appeal deepens the legal dispute between the Ontario transit agency and Bombardier over the company's ability to fulfil train orders in Toronto, where gridlock has become an increasing frustration for hundreds of thousands of commuters. Source
  • Majority say buying Canadian, even if price is higher, is more important: Nanos survey

    Economic CTV News
    The majority of Canadians say that buying Canadian products is more important to them, even if the price is higher, according to a recent Nanos survey. Fifty-two per cent of those surveyed said that it is more important to them personally to buy a Canadian product, even if it costs more, while 28 per cent said that buying the cheapest product is more important when it comes to shopping. Source
  • Female CEOs make more than their male counterparts – but there are a lot less of them

    Economic Toronto Sun
    NEW YORK — Women CEOs earned big bucks last year, but there’s still very few of them running the world’s largest companies. The median pay for a female CEO was US$13.1 million last year, up 9% from 2015, according to an analysis by executive data firm Equilar and The Associated Press. Source
  • Feds launch contest for $950M 'supercluster' plan aimed at creating jobs, growth

    Economic CTV News
    OTTAWA -- The Trudeau government is opening the competition for its $950-million "supercluster" program that aims to bring together industry and academia as a way to lift the innovation economy. Economic Development Minister Navdeep Bains is adding new details about deadlines and qualifying criteria for a five-year initiative central to the feds' innovation program. Source
  • New TD centre to create up to 575 jobs in Moncton over 6 years

    Economic CBC News
    The TD Bank expects to create up to 575 full-time jobs in Moncton over a six-year period when it opens a business services centre in 2019 with up to $9 million in help from the provincial government. Source
  • New York fines BNP Paribas $350 million in trading scheme

    Economic CTV News
    New York state regulators have fined French bank BNP Paribas $350 million, alleging bank employees for years manipulated global currency markets to benefit themselves at the expense of their customers. The New York Department of Financial Services said Wednesday that from 2007 to 2013 at least a dozen BNP Paribas traders manipulated the foreign exchange market, using chat rooms and fake trades in currencies including the South African rand, Hungarian forint and Turkish lira. Source
  • Bombardier and U.S. aerospace supplier Triumph settle legal dispute

    Economic CTV News
    MONTREAL -- Bombardier and Triumph have reached a settlement about five months after the U.S. aerospace supplier filed a $455-million lawsuit against the Quebec-based aircraft manufacturer. Details of the settlement announced Wednesday were not disclosed. Source
  • New TD call centre will create 575 jobs in Moncton, N.B., province says

    Economic CTV News
    MONCTON, N.B. -- TD has announced plans for a new call centre in Moncton, N.B., that the provincial government says will create up to 575 full-time jobs. The Toronto-based bank will receive up to $9 million in financial assistance from the government, which says the call centre will add $109-million to the province's GDP over six years. Source
  • Graco recalls My Ride 65 car seats in Canada for restraint defect

    Economic CBC News
    Graco's Canadian division is recalling 1,393 car seats with defective harness restraints. The recall affects certain "My Ride 65" model car seats manufactured between May 14, 2014 and July 30, 2014, according to a safety advisory from Graco. Source
  • Lavazza Coffee buys 80% stake in Canada's Kicking Horse

    Economic CBC News
    Italian coffee conglomerate Lavazza has bought an 80 per cent stake in B.C.-based Kicking Horse Coffee in a deal that values the company at $215 million. Elana Rosenfeld, who founded the Kicking Horse brand in 1996, will continue to own the remaining 20 per cent and will continue to be CEO of the company, which has grown to become the No. Source