As East-West pipeline divide persists, Atlantic Canada's energy isolation is only getting worse [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
while still relying heavily on overseas fuel, a situation that former New Brunswick premier Frank McKenna says threatens regional growth and Canada's energy sovereignty. “Having control over our energy resources is essential for a country,” he said. “In our case, there's a significant divide between the West and the East that we need to overcome.” Western Canada continues to export oil and natural gas to the United States , often at discounted prices, while Atlantic Canada imports liquefied natural gas (LNG) from overseas along with roughly 500,000 barrels per day of foreign crude. “We have resources. We should be using them,” McKenna said. Since European buyers are seeking alternatives to both Russian and American supplies, he said Canada is missing a strategic opening. “They want it from Eastern Canada,” he said. “We can't give it to them because of the politics of Canada.” The political uncertainty in Quebec adds another layer of risk for Atlantic Canada, as the Parti Q
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