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TransCanada Files Official Application for Energy East

TransCanada has filed a 30,000-page application with the National Energy Board to build the $12-billion, 4,600-kilometre Energy East pipeline from Alberta to Canada’s east coast.

Energy East would carry 1.1 million barrels of diluted bitumen per day, more than the proposed Keystone XL pipeline.

“Backers of the project say it will create jobs and economic growth while cementing Canada’s status as an energy independent oil superpower,” CBC reports. But “the project faces opposition from local environmental and native groups, who say any such project is an environmental accident waiting to happen.”

Observers question whether Energy East makes economic sense at a time of relatively low oil prices, and whether Quebec and Atlantic Canada will face gas shortages or higher prices as a result of converting and reversing an existing natural gas line to carry oil.