A pop psychologist would say I'm conflicted. I'm sure a lot of other Canadians feel the same about Thursday's announcement of an all-Canadian oil pipeline.

The TransCanada Corporation says it is going to invest $12 billion to stretch a thin line of crude from Alberta to New Brunswick, with stopovers in Quebec, pumping more than a million barrels a day from the booming west to Canada's old industrial heartland.

“It would be the most efficient and the safest and economic way to transport crude oil to eastern Canadian refineries, creating jobs, long-term economic benefits across the country and displace foreign imported oil, making Canada more energy independent,” says Russ Girling, TransCanada's CEO.

By all traditional measures it is a perfect economic project for these times. And in principle, it is something I have begged for repeatedly.


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