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Canada to set new rules Wednesday for energy reviews

Published 2016-01-27, 11:08 a/m
© Reuters.  Canada to set new rules Wednesday for energy reviews

OTTAWA, Jan 27 (Reuters) - The Canadian government will
unveil new rules for environmental reviews of major energy
projects later on Wednesday, Natural Resources Minister Jim Carr
told reporters.
Prime Minister Justin Trudeau said on Tuesday that
regulators will have to take into account greenhouse gas
emissions when they evaluate projects such as TransCanada Corp 's
TRP.TO Energy East pipeline to the East Coast.
The announcement would be made after markets close, an
official said. It would give details on the framework to be used
by the National Energy Board and the Canadian Environmental
Assessment Agency, which covers the Petronas-led PETRA.UL
Pacific NorthWest LNG export terminal.
Kinder Morgan (N:KMI) Inc's KMI.N twinning of its Trans Mountain
Pipeline to the Pacific Coast is also being examined.
Environmentalists oppose these pipelines on the grounds that
they make it easier to send oil to market and thereby increase
carbon dioxide emissions.
Political and business leaders in the energy-producing
provinces of Alberta and Saskatchewan counter that pipelines are
safe and resources are an important source of income for Canada.

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