Statement From the Honourable Jim Carr on TransCanada's Decision to Cancel the Energy East Pipeline Project

OTTAWA, Oct. 5, 2017 /CNW/ - "The Government of Canada stands firmly behind the energy sector as a source of good, middle-class jobs. We have promised to develop Canada's resources in a way that creates jobs, spurs innovation, contributes to our quality of life and enables us to leave a cleaner planet for future generations.

"TransCanada Pipelines' decision to cancel the Energy East Pipeline project was a business decision.

"Our government has approved two major export pipelines that are now under construction, and a third is expected to start soon. The Trans Mountain expansion and Line 3 projects alone represent over $11.6 billion in investment and will support thousands of jobs.

"In making the decision to approve these projects, our government took into consideration a wide variety of information, data and scientific evidence, including the National Energy Board's recommendation report, the views of Canadians and enhanced consultations with Indigenous peoples.

"Our government would have used the same process to evaluate the Energy East Pipeline project that saw the Trans Mountain expansion and Line 3 projects approved. Nothing has changed in the Government's decision-making process.

"While we recognize the current market challenges related to lower commodity prices, we are seeing signs of growth in the sector.

"Canada is open for business. We offer a stable and predictable investment climate, world-class energy reserves, proximity to global markets, a skilled workforce and enabling services and technology.

"Our approach is growing the economy, creating jobs and building strong communities from coast to coast to coast."

The Honourable Jim Carr, P.C., M.P.
Minister of Natural Resources

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SOURCE Natural Resources Canada