CBC News reports on Energy East pipeline proposal
September 10, 2013
Here are some quick snippets of a CBC article about the proposed West-East pipeline…
– TransCanada Corp.’s proposed west-east pipeline could create 10,000 jobs and generate $10 billion in additional GDP during the construction phase, according to an economic analysis released on Tuesday.
– The report shows 2,300 jobs will be created during the development period and 7,700 during the construction phase.
– The Deloitte report estimated the pipeline project could add $10 billion in GDP across the country.
– The Energy East pipeline project, which still needs regulatory approval, would send 1.1 million barrels of oil per day from Western Canada to refineries and export terminals in Eastern Canada.
In my opinion this will provide the Canadian economy a boost of billions of dollars of revenue and thousands of job opportunities. Hopefully approval will shortly follow.