Proposed ‘Energy East’ Pipeline Benefits Overblown Argues Report

The proposed Energy East pipeline won’t be the boon to Eastern Canadian refineries that supporters claim because the vast majority of the oil in it would be bound for export markets, environmental groups argue in a report being released Tuesday.

Source: www.cbc.ca

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Refinery capacity already in use

The report Tuesday said the three refineries along the Energy East route — Suncor Energy’s in Montreal, Valero’s near Quebec City and Irving’s in Saint John, N.B. — have a combined capacity of 672,000 barrels per day.

Of that, the groups figure 550,000 barrels per day can come from elsewhere — offshore crude in Atlantic Canada, booming U.S. shale resources and, eventually, via Enbridge Inc.’s recently approved reversed Line 9 pipeline between southwestern Ontario and Montreal. That leaves just 122,000 barrels per day of refining capacity that can be served by Energy East, the report said.

“It’s very frustrating to watch a company trying to convince Canadians that they should accept these massive risks based on some perceived benefit that they may receive. When you dig into it, you find that it’s an empty promise,” said Adam Scott, with Environmental Defence.

“It’s just not true that Eastern Canada’s going to benefit in the way that TransCanada’s saying they are. And when you look and see that this is a project about putting vast quantities of oil onto tankers and shipping them out of the country, people who are convinced that ‘this is going to mean more local jobs for me’ are going to be very disappointed.” […]”<

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