Halifax MP says Alberta's oil welcome out east
Liberal MP Geoff Regan pictured speaking during question period in the House of Commons in this file photo from Friday May 30, 2008. (Sean Kilpatrick/ THE CANADIAN PRESS)
Published Saturday, November 17, 2012 6:21AM EST
FORT MCMURRAY, Alta. - A Liberal MP from Nova Scotia has paid a visit to the oilsands, saying that Alberta may be having struggles in accessing foreign markets but the province's crude is always welcome in the East.
Halifax West MP Geoff Regan says environmental concerns appear to be stalling approval of the Keystone XL pipeline to Texas and the Northern Gateway pipeline which would ship through B.C. for export to Asian countries.
But Regan says the struggling economies of the Atlantic provinces would be encouraged by the notion of bringing Canadian oil eastward, where residents rely on Middle Eastern imports.
Calgary's TransCanada Corp. (TSX:TRP) is studying the possibility of shipping as many as one million barrels a day of western crude to eastern refineries.
To do so, it would convert part of its natural gas mainline partly to oil service. CEO Russ Girling has called the project both technically and economically feasible.
Company officials have also said they don't expect to see a big environmental pushback because eastern Canadians are keenly aware of how such a plan would positively affect fuel prices where they live.