As the much-debated Keystone XL pipeline awaits approval from the Obama administration, TransCanada wants to move ahead with another project that would extend a pipeline across much of Canada.
The East Energy Pipeline is a project aimed towards constructing an entire route that runs from northern Alberta and Saskatchewan all the way to New Brunswick.
TransCanada announced the proposal for the Energy East Pipeline project on Aug. 1, 2013 and has estimated a construction period up until 2019.
“TransCanada is planning to convert approximately 3,000 kilometres of a portion of its existing Canadian Mainline natural gas system to oil service and construct up to 1,400 kilometres of new pipeline to move crude oil from Western Canada to markets in Eastern Canada,” the company said in a press release.
The project has projected for the conversion of a natural gas pipeline into an oil transportation pipeline across Canada along with the construction of required facilities to move the crude oil. The 4,500 kilometre route will carry 1.1 million barrels of crude oil a day.
TransCanada says the pipeline will potentially help Canada eliminate its reliance on crude oil imported from overseas.
“Canada may not realize the full value of its crude oil and natural gas resources due to a lack of infrastructure to transport the extracted resources to refineries in North America and beyond.” Deloitte & Touche LLP argued in an environment and economic assessment of the project.
TransCanada, a Canadian company that has been around for over 60 years, has developed into one of the largest crude oil transportation networks. The company owns or has interests in over 21 power plants within Canada and the United States.
As news has been released of this projected pipeline many advocacy groups, such as Save Canada and Say No to Tar Pits Pipeline, have posted on their websites asking Canadians to attend the meetings TransCanada have planned to bring up their concerns on the topic of environmental effects.
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