Sunday April 20, 2014


question of the week

Survey results are meant for general information only, and are not based on recognised statistical methods.





Home »  News »  National News

Halifax MP says Alberta's oil would be welcomed in Atlantic provinces


Liberal MP Geoff Regan speaks during question period in the House of Commons on Parliament Hill in Ottawa on Friday, May 30, 2008. Regan has paid a visit to the oilsands, saying that Alberta may be having struggles in accessing foreign markets but the province's crude is always welcome in the East. THE CANADIAN PRESS/Sean Kilpatrick

FORT MCMURRAY, Alta. - A Liberal MP from Nova Scotia has paid a visit to the oilsands, saying that Alberta may be having struggles in accessing foreign markets but the province's crude is always welcome in the East.

Halifax West MP Geoff Regan says environmental concerns appear to be stalling approval of the Keystone XL pipeline to Texas and the Northern Gateway pipeline which would ship through B.C. for export to Asian countries.

But Regan says the struggling economies of the Atlantic provinces would be encouraged by the notion of bringing Canadian oil eastward, where residents rely on Middle Eastern imports.

Calgary's TransCanada Corp. (TSX:TRP) is studying the possibility of shipping as many as one million barrels a day of western crude to eastern refineries.

To do so, it would convert part of its natural gas mainline partly to oil service. CEO Russ Girling has called the project both technically and economically feasible.

Company officials have also said they don't expect to see a big environmental pushback because eastern Canadians are keenly aware of how such a plan would positively affect fuel prices where they live.

Regan also says competitive wages in the oilsands could put pressure on companies back east, such as Irving, to offer a bigger paycheque for skilled workers.

"The tradespeople will be saying, `do I want to go home and work for $10 an hour less plus take a haircut on my benefits?' " said Regan.

"I think they're going to have to be competitive. Some people will want to stay home but still, when the opportunities still exist out here I think they're real and that's something that will have to factor in."

Regan also said there's a national benefit in terms of security of the oil supply.

"I think there is a strong interest in Atlantic Canada and in Eastern Canada generally in the idea of having access to Canadian oil," he said.

"The fact of the matter is that if there's a connection to the East coast, one of the important benefits of that for Alberta and for the oilsands is that you get the international price."

(CFVR)


Comments


NOTE: To post a comment in the new commenting system you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Yahoo, OpenID. You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Coast Reporter welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

blog comments powered by Disqus


About Us | Advertising | Contact Us | Sitemap / RSS   Glacier Community Media: www.glaciermedia.ca    © Copyright 2014 Glacier Community Media | User Agreement & Privacy Policy
Business in Vancouver Whistler Question Squamish Chief Powell River Peak Real Estate Weekly My Local Flyers

LOG IN



Lost your password?