Home > Environment > TransCanada kills controversial Energy East Pipeline project | The Globe and Mail

TransCanada kills controversial Energy East Pipeline project | The Globe and Mail

TransCanada Corp. has pulled the plug on its controversial $15.7-billion Energy East pipeline proposal, after slowing oil sands growth and heightened environmental scrutiny raised doubts about the viability of the project.

In a terse statement Thursday morning, TransCanada said it has reviewed the “changed circumstances” and would be informing the National Energy Board that it would no longer proceed with the project, including the related Eastern Mainline, a natural gas pipeline that complemented the crude-carrying Energy East.

The west-to-east pipeline was planned to deliver 1.1-million barrels per day of western Canadian crude to refineries in Quebec and Saint John, N.B. as well as an export terminal in New Brunswick which was to be built by Irving Oil Ltd.

Source: TransCanada kills controversial Energy East Pipeline project – The Globe and Mail

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