Energy East will generate $10.3 billion in tax revenues for provincial and federal governments over 20 years
OTTAWA, Ont. – TransCanada Corporation, along with representatives of the four major pipeline unions and the Pipe Line Contractors Association of Canada, have signed a historic Memorandum of Understanding for work on the Energy East Pipeline Project.
The MOU ensures that thousands of the skilled pipeline trade jobs required to build the project will be awarded to members of the PLCAC and the four union partners, including: the United Association of Journeymen and Apprentices of the Plumbing and Pipefitting Industry of the United States and Canada, Labourers International Union of North America, International Union of Operating Engineers and Teamsters Canada.
“This MOU signing is very significant for TransCanada,” said CEO Russ Girling in a press release.
The organizations came together to reinforce the fact that the work needed to construct the privately financed, $15.7 billion crude oil pipeline means thousands of quality jobs for their members.
“We are committed to hiring the best workers this country has to offer for the over 14,000 jobs Energy East will create annually across Canada during the nine years it will take to develop and build the pipeline. And above all, we are committed to ensuring Energy East is built safely,” said Girling.
It also further ensures the pipeline will be built to the highest safety standards. Additional unions across the country will also be engaged to complete this work.
“Pipelines remain the safest and least GHG-intensive way of transporting the crude oil Canadians need. Energy East gives our country the ability to use Canadian oil in its refineries rather than continuing to import the 700,000 barrels of foreign oil we import every day,” said Girling.
Energy East by the numbers:
- Energy East is a 4,500 kilometre pipeline that will safely transport about 1.1 million boe/d from Alberta and Saskatchewan to Eastern Canadian refineries in Québec and New Brunswick.
- Since the project was announced in 2013, TransCanada has already spent $800 million to develop Energy East across Canada.
- According to the Conference Board of Canada, Energy East will generate over 14,000 direct and spin-off jobs annually across Canada during nine years of development and construction, and support 3,300 direct and spin-off jobs annually during the first 20 years of operation.
- Conference Board of Canada report says Energy East will generate $10.3 billion in tax revenues for provincial and federal governments over 20 years, and add an additional $55 billion in GDP to the Canadian economy.
- TransCanada says it is committed to open, honest engagement on this project. To date, the company has held 1,700 meetings with municipal representatives, emergency responders and other community representatives in these municipalities and have received 170 signed letters of support from municipalities and municipal organizations across the country. As well, well over 9,000 registered guests have attended 120 open houses across the project route.
- Energy East has held more than 2,500 meetings with 166 Indigenous communities and organizations across Canada since the launch of the project in 2013.
- In 2015, TransCanada generated $170 million in work for Indigenous businesses or their joint-venture partners in Canada and the US for goods, contract services and employment on TransCanada projects and operations.
- So far, Energy East and TransCanada have donated $1,506,277 to communities along the project route. In 2015 alone, TransCanada donated close to $15 million in funding and in-kind donations to over 1,400 North American non-profit organizations.
- TransCanada has met with representatives from 366 first responder organizations along the pipeline route to begin developing the emergency response plans for Energy East.