Prentice and Couillard reiterate their respective positions on Energy East

Alberta Premier Jim Prentice and Quebec's Philippe Couillard met today and discussed various issues, including the proposed Energy East pipeline.

QUEBEC — Alberta Premier Jim Prentice and Quebec’s Philippe Couillard met today and discussed various issues, including the proposed Energy East pipeline.

The two leaders later held a joint news conference and reiterated their respective positions on the $12-billion project.

Prentice repeated several times that he understands Quebec’s concerns and that it is important for everyone to work together to ensure the pipeline is as safe as possible.

He also stressed the economic importance of the pipeline for Alberta and the country as a whole.

TransCanada Corp. (TSX:TRP) wants to build a 4,600-kilometre pipeline to carry 1.1 million barrels per day of oilsands crude from Alberta to refineries in Quebec and New Brunswick.

Couillard’s government has laid out various conditions for the project to be accepted and he repeated today they still apply.

TransCanada announced Monday it will halt all work on an oil terminal in eastern Quebec in response to concerns the project could hurt a beluga habitat.

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