Ecuador court gives green light for Silvercorp, Salazar’s El Domo project
The ruling removes the last major obstacle for the $250 million project, located 150 km northeast of Guayaquil.
TransCanada’s (TSX, NYSE: TRP) proposed west-east pipeline could create 10,000 full-time jobs and generate $10 billion in additional GDP during the construction phase, said a report prepared by Deloitte & Touche released today.
The economic analysis shows 2,300 jobs will be created during the development phase of the proposed Energy East pipeline to New Brunswick and other 7,700 will be added during construction.
“Energy East is a critical infrastructure project for all Canadians because it will enhance our country’s energy security, allow us to receive greater value for our important natural resources and will create tangible economic benefits for communities across the country,” Russ Girling, TransCanada’s president and chief executive officer, said in a statement.
“This pipeline is an excellent example of how Canada’s oil and gas sector is truly a national industry that generates thousands of jobs, billions of dollars in economic benefits and billions more in tax revenues.”
During the expected 40-year operational life of the project, Deloitte projects $7.2 billion of additional tax revenues.
TransCanada operates a network of natural gas pipelines that covers over 68,500 kilometres and tap into gas supply basins in North America. The firm is also developing one of North America’s largest oil delivery systems.
Image from Wikimedia Commons
3 Comments
Chris Armstrong
So, pretty fancy pipeline discussion, without saying WHAT it is going to carry. My
assumption is that it is highly abrasive “diluted bitumen”. If so, we on the west coast, will be watching the progress closely. The pipeline pictured looks about 10 to 12 ft in diameter. Is the “east pipeline” that massive ?
frankinca
At last eastern and western Canada will be married, with a pipeline wedding ring. Looks like France will have to do without eastern Canada as a territorial colony.
KDM
Best solution for our countries economic future and security to move oil east and west to markets instead of relying on the USA. The picture shown is a culvert for water its not pipe for moving oil. Likely the line running east would be 24 or 36 inch max. Thats how people get mislead is with wrong pictures and the so called experts getting their 2 cents worth in.