Friday, October 06, 2017

Crude Doesn't Need To Move East, Only West Towards Asia

TransCanada abandons Canada east-west pipeline bid

TransCanada announced Thursday it was abandoning its bid to build an east-west pipeline that would have moved crude from Alberta's oil sands to refineries on the Atlantic coast. The 4,500-kilometer (2,800-mile) Energy East pipeline, which would have carried 1.1 million barrels of oil per day, faced stiff opposition from environmental groups and several municipalities in Quebec…