Immediate action needed to meet existing energy needs, CEPA tells
CALGARY, Oct. 1 /CNW/ - The Canadian pipeline industry is at a critical
juncture in our country's history and decisive action is needed by government
to meet our existing energy needs, says Brenda Kenny, President of the
Canadian Energy Pipeline Association (CEPA).
Addressing delegates in Calgary at the 7th Annual International Pipeline
Conference (IPC), the largest pipeline conference in North America, Kenny
reinforced the theme of the conference, 'Pipelines make a world of
difference', as well as the need for timely government decision-making for
pipeline projects to ensure that energy needs can continue to be met in
"The best minds in the business say that to simply keep pace with demand,
we'll need to double our current pipeline assets in the next 15 years," says
Kenny. "North America is facing a once-in-a-generation opportunity to build
essential pipeline infrastructure in both Canada and the United States."
CEPA member companies have more than $40 billion in pipeline
infrastructure on the books. Kenny explains that if you add in the planned
investment for Alaska and Mackenzie, that number jumps to $80 billion. "Unless
timely government decisions are made," she stresses, "many of these projects
will face escalating costs and increased uncertainty, and there will be major
economic consequences for the entire continent."
Responding to arguments that a lengthy decision-making process is
required to ensure the safety of the pipeline, the public and the environment,
CEPA believes that delaying decisions on these projects does not make them
safer or more environmentally sound. In fact, pipelines are the safest way in
the world to transport oil and gas, and the track record of Canadian pipeline
companies is second to none.
CEPA applauds the recent creation of the Major Projects Management Office
(MPMO) as a big step in the right direction. The MPMO was launched in February
2008 and is designed to coordinate timely federal reviews and decision making
for major projects including infrastructure projects; however, CEPA believes
that more must be done to ensure Canada is positioned to meet the growing
energy needs of our homes, businesses, schools and hospitals.
"The infrastructure crisis is not a local or a regional issue; it is a
national concern with international ramifications," Kenny points out. "We are
poised at this critical juncture to build the infrastructure necessary to
deliver clean, reliable and affordable energy to all Canadians. The pipeline
industry is ready to go and we're ready to go responsibly. All we need is
decisive leadership from government."
Major players in the international pipeline industry attend IPC to
discuss challenges and opportunities in the pipeline industry. This year's
conference is being held in Calgary and runs from Monday, Sept. 29 to Friday,
CEPA members currently transport 97 per cent of the crude oil and natural
gas produced in Canada over 100,000 kilometres of pipeline in both Canada and
the United States.
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