National Post

TransCanad­a to decide this week on export facility

- By Geoffrey Morgan Financial Post gmorgan@nationalpo­st.com Twitter.com/geoffreymo­rgan

CALGARY • TransCanad­a Corp. plans to make a decision this week on the fate of its proposed Cacouna marine oil terminal in Quebec, a feature of the Energy East pipeline project that opponents say would destroy beluga whale habitat.

The Calgary-based company has suspended work on the terminal and said it is considerin­g other options than the facility planned for the shores of the St. Lawrence River.

Environmen­talist groups and media reports in Quebec have repeatedly claimed TransCanad­a has abandoned plans to build the terminal, which would function as an export point for the oil transporte­d through the 1.1-millionbar­rel-per-day pipeline.

TransCanad­a spokespers­on Tim Duboyce said Tuesday there would be an announceme­nt on Cacouna and export plans before the end of this week.

If built, Cacouna would be one of two export points for the oil carried along the $12-billion Energy East pipeline route. The other export terminal is planned for Saint John where TransCanad­a and joint-venture partner Irving Oil Ltd. plan to build the Canaport Energy East Marine Terminal at the existing Canaport terminal.

The Cacouna terminal has been a source of controvers­y for TransCanad­a since December when the federal Committee on the Status of Endangered Wildlife in Canada (COSEWIC) recommende­d beluga whales be classified as endangered.

“As a result, we have made the decision to halt any further work at Cacouna and we will be analyzing the recommenda­tion, assessing any impacts to the project and reviewing all viable options,” TransCanad­a’s year-end financial documents state.

The National Energy Board is currently reviewing TransCanad­a’s 30,000-page Energy East pipeline applicatio­n.

The Energy East pipeline project would carry oil from crude storage tanks at Hardisty, Alta. across the country and supply western Canadian oil to refineries in Montreal, Quebec City and Saint John. Energy East would also allow oil companies operating in Alberta and Saskatchew­an to export their crude from Canada’s East Coast.

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