National Post

Ottawa pries open Arctic surf clam fishery

RESOURCES

- Quentin Casey

The federal government has broken Clearwater Seafoods Inc.’s monopoly of the Arctic surf clam fishery, ending the company’s lucrative and exclusive hold on a sector that other companies have fought for years to enter.

On Thursday, the federal fisheries department announced a fourth licence for the Arctic surf clam fishery, representi­ng 25 per cent of the total allowable catch for 2018. Applicants must be Canadian majority- owned and be an Indigenous entity located in one of the four Atlantic Provinces or Quebec. The new licence will be issued in 2018.

That means Halifax, N. S.based Clearwater will still hold three Arctic surf clam licences, or 75 per cent of the total allowable catch for 2018.

“Should TransCanad­a decide not to proceed with the projects after a thorough review of the NEB’s amendments, the carrying value of its investment in the projects as well as its ability to recover developmen­t costs incurred to date would be negatively impacted,” the release stated.

“Apart from Energy East, we will continue to advance our $ 24 billion near- term capital program in addition to our longer- term opportunit­ies,” TransCanad­a CEO Russ Girling said in the release.

The delay marks another setback for a massive project, which has already seen its expected in- service date delayed due to the re-start of regulatory hearings.

NEB hearings on Energy East were suspended last year amid protests in Quebec because two board members met privately with former Quebec premier Jean Charest while he was consulting for TransCanad­a. The regulator named a new panel in January and have since announced an expanded hearings process for the project.

TransCanad­a had already re- submitted its massive, 30,000- page applicatio­n for the project after the NEB deemed the applicatio­n too difficult to read and understand in Feb. 2016. The company also nixed parts of the project, like a marine terminal in Cacouna, Que., over environmen­tal concerns.

Politician­s in Alberta, Saskatchew­an, Manitoba and New Brunswick support the project, while Ontario and Quebec gave TransCanad­a a list of demands for it.

The project, if built, would carry 1.1 million barrels of oil per day from Alberta and Saskatchew­an to Atlantic Canada. Oil producers in Alberta have supported its constructi­on as a way to lessen the domestic industry’s dependence on exports to the United States, which is the only major customer for Canadian crude.

While TransCanad­a faces new delays on Energy East, the company is awaiting final approvals from Nebraska on its Keystone XL pipeline, which would ship oilsands crude from Alberta directly to the U. S. Gulf Coast.

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