Friday, 06 October 2017 13:16

Energy East Pipeline Cancelled

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TransCanada Corp. has withdrawn from its controversial $15.7-billion Energy East pipeline proposal citing market conditions and changed circumstances for its decision on the pipeline that was designed to carry 1.1-million barrels a day of Western crude to Eastern refineries and export terminals.  The Canadian Chamber of Commerce has issued a news release expressing concerns with Canada's convoluted regulatory process and indications to investors that Canada is closed for business.

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