The economic benefits for Ontario of TransCanada’s proposed Energy East pipeline are “likely inflated” according to a study commissioned by the province’s energy regulator.
“The economic impact of the project in Ontario should not be treated as a significant factor when considering the merits of Energy East,” the study states.
The authors of the study, the Mowat Centre, a public policy think tank at the University of Toronto, found the modeling system TransCanada used to predict the economic benefits of the project assumes past and present economic conditions will remain unchanged for the entire operational life of the Energy East project (Read more…)