Implied Emissions Could Cost Energy East Half of Profits

October 2017, Vol. 244, No. 10

By Kenneth P. Green, Senior Director, Natural Resource Studies, Fraser Institute in Toronto, Ontario

I t seems that hardly a week goes by without some new announced barrier to the construction of pipelines to allow Canadian oil to flow to markets other than the glutted United States. The National Energy Board (NEB) recently issued a news release announcing the topics to be considered in its assessments of the $15.7 billion Energy East and Eastern Mainline projects. Environmentalists are celebrating what they know is a major setback for pipeline production in Canada. Most of the topics are pretty obvious. Pipeline safety, environmental impacts, socio-economic impacts and so on. But the…

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