Report Says TransCanada Exaggerated Energy East’s Overseas Oil Imports

Latest set of data revealed today by environmental groups has disproved TransCanada’s claim that its Energy East pipeline proposal is vital in order to eliminate Canada’s heavy dependence on overseas oil. Several media reports and public materials have quoted TransCanada alleging that the Eastern Canadian refineries import 86 per cent of their daily needs from more expensive overseas sources including Saudi Arabia, Nigeria, Venezuela and Algeria.

However, the year-to-date 2014 Statistics Canada information obtained by Environmental Defence and Greenpeace Canada has clarified that no more than 14 per cent of Eastern Canada’s oil imports come from those four countries. The report highlighted that Eastern Canada did not even import any oil from Venezuela and did very little from Nigeria. The only eastern province to import oil from Algeria, Quebec, also imported mere 11 per cent from there while 52 per cent of its oil came from the United States. Environmental Defence’s Adam Scott stated that “it’s time TransCanada stops misleading the public with inaccurate information in a bid to justify its risky project. The import statistic cited by TransCanada is false – no matter how many times the company repeats its misinformation.” He alleged that “as the information shows, Energy East would mainly serve to export unrefined oil, not stem an already waning tide of pricey foreign imports.”

Furthermore, the information confirmed that there is no more enormous amounts of higher-priced, overseas oil coming to Eastern Canadian refineries that could be replaced with western Canadian crude, which is stated by TransCanada for Energy East.

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