"The loss of this major project means the loss of thousands of jobs and billions of dollars for Canada, and will significantly impact our country's ability to access markets for our oil and gas", the Canadian Energy Pipeline Association (CEPA) said in a statement.
There was a bombshell announcement this morning from Calgary-based TransCanada Corporation.
The proposed project is a 4,500-kilometre pipeline created to carry 1.1 million barrels of oil a day from Alberta and Saskatchewan to refineries in Montreal and Saint John, N.B. The project includes converting an existing natural gas pipeline to carry crude and building new segments of pipeline to complete the route.
As Energy East supporters lamented the loss of jobs and revenue, Indigenous opponents, environmental activists and a number of Quebec politicians celebrated.
Regarding the Energy East pipeline, Lisa Raitt, deputy leader of Canada's conservative opposition, called it a bad day for Canada and blamed Prime Minister Justin Trudeau for not championing the nation-building project and the nation's energy sector.
In the meantime, Saskatchewan Premier Brad Wall expressed disappointment with Quebec's decision to seek an injunction over the Energy East pipeline.
"Our government would have used the same process to evaluate the Energy East Pipeline project that saw the Trans Mountain expansion and Line 3 projects approved". Named one of Canada's Top 100 Employers in 2017, Irving Oil operates Canada's largest refinery, in Saint John, New Brunswick, which is located 65 miles north of the United States border and has reached production rates in excess of 320,000 barrels per day.
But the company in recent years has dealt with a fall in the price of crude oil, which is now hovering around $50 a barrel, down from almost $100 a barrel in mid-2014.
Grand Chief Serge Simon, of the Mohawk Council of Kanesatake, said the fight by Indigenous People against other pipeline projects will continue.
Cenovus Energy Inc., an oil-sands producer that had contracted to ship 200,000 barrels a day on Energy East, said the cancellation will reduce options for Canada's oil producers to reach global markets.
"The Trudeau government is going to have to take a real hard look at whether their own heavy-handedness with that policy also led to this decision".
"We still believe that", Gallant said.
TransCanada said last month that it would halt its efforts to get regulatory approvals for the controversial projects.
Alberta Premier Rachel Notley also decried Energy East's demise, calling it "an unfortunate outcome for Canadians" and saying that it would have reduced the nation's imports of foreign oil.
"His actions and his government's actions may well have some westerners wondering if this country really values western Canada, the resources we have, and the things we do to contribute to the national economy and to quality of life for all".
The company will take a $1 billion after-tax non-cash charge that will be recorded in the company's fourth-quarter results.
Heurtel said the project wasn't well explained to Quebecers.
"Energy, pipeline and climate issues have been among the most highly charged political debates in Canada for several years", said Abacus chairman Bruce Anderson.