Trudeau believes his government’s Impact Assessment Act will fix a flawed review process.
The NEB hearings will consider only the question of whether the British Columbia Oil and Gas Commission had jurisdiction to issue approvals for the project.
The company also says it has targeted an additional $1.5 billion to $2 billion in asset sales next year.
Energy East could help Alberta oil prices, says Blaine Higgs.
Blaine Higgs said he discussed Energy East two weeks ago with Prime Minister Justin Trudeau.
The decision of the former Tory government of premier David Alward to embrace the shale gas industry was polarizing.
The province has already started talks with a third party to buy enough rail cars and locomotives to put two more oil trains a day on the tracks.
A year-long delay would cost TransCanada US$949 million.
The new hearings are being held after the Federal Court of Appeal quashed the original approval for the expansion.
Manufacturing and processing companies can write off the full cost of buying new equipment and machinery as soon as they put the purchases to use.
A massive spill at Husky Energy’s offshore SeaRose platform could kill thousands of birds.
Currently runs at about half its original capacity because it’s increasingly subject to corrosion and cracking.
Premier Rachel Notley says the Canadian economy is losing out because oil from Alberta is selling about $45 a barrel less than West Texas Intermediate in the United States.
Ensign insists the cash value of its offer of about $470 million now outweighs the all-shares offer by Precision.
Corridor Resources wants to expand but the previous Liberal government imposed a moratorium in 2014 that prohibits hydraulic fracturing.