Pipeline from Alberta to the east carries more risks, than rewards for Ontario: report – Toronto Star
Ontario Energy Board says the risks of the Energy East pipeline through Ontario, such as a major oil-spill, outweigh the rewards, such as the jobs created.
The proposed $12-billion Energy East oil pipeline by TransCanada Corp. has more risks than rewards for the province, the Ontario Energy Board warns in a new report.
A major oil spill could easily cost $1 billion, contaminating sources of drinking water, land and aboriginal hunting and fishing grounds, board vice-president Peter Fraser said as the agency issued a 96-page report Thursday.
That risk must be weighed against 4,200 jobs in the construction and development phase — 1,400 once the pipeline is in operation — and a forecast boost of up to $19 billion in the 40 years after oil starts flowing from Alberta to the East Coast.
