Harper Says Energy East to Create Domestic Crude Market

Canadian Prime Minister Stephen Harper said a pipeline proposed by TransCanada Corp. (TRP) to carry crude to the east coast would enhance domestic demand for Alberta’s crude.

“This has the ability, this entire pan-Canadian pipeline, to create jobs, both construction jobs and permanent jobs, in the energy industry that will benefit the entire country and ultimately create a large domestic market from which Canadians will benefit,” Harper said at an event today in Saint John, New Brunswick.

TransCanada last week said it will go ahead with the project, known as Energy East. Harper has encouraged the U.S. to approve TransCanada’s Keystone XL pipeline, which would carry crude from the oil sands to the Gulf Coast.

To contact the reporter on this story: Andrew Mayeda in Ottawa at amayeda@bloomberg.net

To contact the editor responsible for this story: Chris Fournier at cfournier3@bloomberg.net

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