October 5, 2017 — TransCanada today announced that it is cancelling plans to build the East Energy Pipeline, taking a billion dollar loss.
Statement by Diana Best, senior climate and energy campaigner with Greenpeace USA:
“TransCanada’s decision to scrap the controversial East Energy pipeline is a huge victory for the First Nations, workers, and activists that have resisted this project for years. It’s a victory that’s to be shared by all of us who have stood up to reckless tar sands expansion and these senseless, dirty pipeline proposals. These tar sands pipelines across North America threaten our communities, our drinking water, Indigenous sovereignty and human rights, and our fight against climate change. Each of these proposed projects will continue to be met with strong criticism and peaceful resistance.
“This is the same company that wants to build the Keystone XL Pipeline that has ignited, yet again, opposition from people all over the country. It’s time TransCanada made the same announcement for Keystone XL and scrapped the project. TransCanada took a reported billion dollar hit on its plans for East Energy. Key investors in these projects like JPMorgan Chase should pay close attention and realize that funding these pipelines is a mistake. Not only do they potentially lose a lot of money, investors shouldn’t be associating themselves with projects that are ruining the environment, threatening human rights, and putting communities at risk.”
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