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Energy Board OKs pipline subsidy
Year Published: 1991Resource Type: Article Cx Number: CX4250 Abstract: The National Energy Board has approved a $2.6 billion pipeline expansion project which will see Canadian consumers subsidizing the construction of a pipeline designed exclusively to serve American customers of TransCanada PipeLines Ltd. Sixty-four of TCPL's current industrial customers had objected to having to pay the costs of the new pipeline, saying that the cost of constructing the pipeline should be paid for by the U.S. customers it is designed to serve. The NEB's ruling reflects its similar policy for the Hibernia megaproject, where $2.7 billion of Canadian taxpayers' money is being used to support a project whose entire output is slated for export to U.S. markets. |