SAINT JOHN, NEW BRUNSWICK--(Marketwired - April 2, 2013) - The Honourable Keith Ashfield, Canada's Minister of Fisheries and Oceans, said he was encouraged by today's announcement by TransCanada Corporation (TransCanada) that sufficient market support exists to proceed to a binding open season for contracts for crude oil from Western Canada to eastern Canadian markets. Minister Ashfield was joined by Members of Parliament Rodney Weston and John Williamson.
"Our Government strongly supports initiatives to construct energy infrastructure to transport western Canadian oil to the east and the potential economic benefits for New Brunswick," said Minister Ashfield.
If successful, it is expected that TransCanada would submit a proposal for the conversion and extension of its mainline pipeline for regulatory review.
"Connecting Canadians from west to east is an inclusive idea that dates back to our beginnings as a country," said Minister Ashfield. "Moving Canadian energy east, subject to objective, science-based review, would contribute to Canadian energy security."
The Harper Government continues to work aggressively to keep taxes low, introduce new environmental protections and strengthen relationships with new, emerging energy markets that would help make a west-east infrastructure a reality. The Harper Government welcomes proposals for energy infrastructure that are critical to Canadian jobs and long-term economic prosperity.
NRCan's news releases and backgrounders are available at www.nrcan.gc.ca/media