Newspaper article The Canadian Press

Editorial Exchange: Energy East Offers Economic Stimulus for Weak Economy

Newspaper article The Canadian Press

Editorial Exchange: Energy East Offers Economic Stimulus for Weak Economy

Article excerpt

Editorial Exchange: Energy East offers economic stimulus for weak economy

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An editorial from the Charlottetown Guardian, published Jan. 30:

Everybody seems to have an opinion recently on the Energy East Pipeline Project. It makes sense since it has the best chance to proceed among the three Alberta oil pipeline projects.

Energy East will cross through six provinces from Alberta heading to the New Brunswick terminus in Saint John and the Irving Oil refinery.

It would be a game changer for New Brunswick, a province facing major economic challenges. It would create a potential boom for New Brunswick and its key port city.

Pipeline construction job opportunities are beckoning for Islanders and others in the region. It will have a positive impact on Atlantic Canada as a whole.

The importance of the Energy East pipeline cannot be understated. It brings Canadian oil to a Canadian refinery and allows it to be shipped to Canadian and world markets.

With the crash in oil prices and the downturn in the dollar, here is a remedy to help bring Canada back to economic health. When the Alberta oil sector was booming, it meant good-paying jobs for hundreds and hundreds of Islanders. They brought back a lot of money to help our provincial economy. An estimated 20 per cent of Canada's GDP is associated with the natural resource sector.

Alberta, which has pumped billions into the national economy from oil resources, needs a little help right now.

The proposed Trans Mountain pipeline through British Columbia to the Pacific Ocean to supply Asian markets is going nowhere. U.S. President Barak Obama has blocked the Keystone XL pipeline from heading south to supply refineries along the Gulf of Mexico.

Now there are threats to Energy East. Alberta is being restrained from getting a valuable resource to market. Much needed revenue for province and country is being curtailed.

It's time for the rest of Canada to step forward and offer Alberta a little support and co-operation. If energy development and pipelines can be built in an environmentally sustainable way, they should proceed.

It is disappointing that Montreal Mayor Denis Coderre and many other municipal leaders in Quebec have objected to the Energy East pipeline proposal. …

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