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Ontario wants economic benefits from proposed 'Energy East' pipeline

Ontario is looking for economic benefits from TransCanada’s proposed pipeline that will ship crude from Alberta to east coast refineries.

That’s according to The Globe and Mail who’s also reoprting that the province’s Liberal government says it will make sure the pipeline company addresses safety and environmental concerns.

Ontario doen’t have the right to stop the pipeline because interprovincial pipelines fall under the federal government’s jurisdiction.

But, Ontario’s Energy Minister says it will be an intervenor at the National Energy Board’s regulatory hearings.

The $12-billion proposed ‘Energy East’ pipeline would ship Alberta’s crude to refineries in the east, which would also be exported to foreign markets.

The call is similar to what British Columbia is asking from Enbridge’s Northern gateway oil sands pipeline.

It’s Premier Christy Clark issued a list of five demands that must be met before her government is willing to support the pipeline, including that her province gets a “fair share” of economic benefits.

August 22nd, 2013