17:24:35 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



TransCanada Corp
Symbol TRP
Shares Issued 708,563,077
Close 2014-11-26 C$ 55.89
Market Cap C$ 39,601,590,374
Recent Sedar Documents

Globe says Wall has it right on TransCanada Energy East

2014-11-27 09:42 ET - In the News

The Globe and Mail reports in its Thursday edition Brad Wall, the Premier of Saskatchewan, is right to be vigorously defending TransCanada's proposed Energy East project. A Globe editorial says if approved, the pipeline would directly benefit most of the country. Mr. Wall is exasperated that the governments of Ontario and Quebec are asking for stipulations beyond the normal criteria of the National Energy Board to be considered. Premiers Kathleen Wynne and Philippe Couillard want upstream carbon emissions to be weighed, too. The Globe argues that is a separate matter of the initial extraction of oil. "Why then have we never heard Ontario or Quebec sounding concerns about the upstream GHG emissions from the former oil currently being imported, refined and consumed in Eastern Canada?" he asks, fairly. Eastern Canada currently imports oil from overseas. Should refineries in New Brunswick and Quebec be shut down because their existence encourages oil production in Africa and the Middle East? Be serious. Oil is going to move, one way or another. Pipelines are generally the safest way to move it. Canada is an oil exporter, and it needs pipelines. It also needs a GHG reduction strategy. Both are achievable.

© 2024 Canjex Publishing Ltd. All rights reserved.