TransCanada’s proposed Energy East Pipeline will happen but is taking too long, according to Arthur Irving, Chairman of Irving Oil.
Irving is waiting to make a deal with TransCanada to build a deep-water terminal in the Bay of Fundy located on the Atlantic Coast where tankers can ship the crude from Energy East overseas.
Alberta Premier Rachel Notley stated earlier this month that Alberta’s economy is in need of more pipeline infrastructure to boost its sales in fossil fuels and in turn help boost its economy.
Energy East would carry 1.1 million barrels of crude oil per day from Alberta and Saskatchewan to refineries in Eastern Canada but has faced much opposition from environmental and aboriginal groups who want to do away with fossil fuels.
The National Energy Board is still reviewing the project.