TransCanada says it won’t proceed with its Energy East pipeline and Eastern Mainline proposals.<\/p>\n
Russ Girling, the Calgary-based energy company’s CEO and president, said in a statement that National Energy Board and Quebec officials will be informed TransCanada won’t go forward with the applications.<\/p>\n
The proposed Energy East project would have carried oil from Alberta and Saskatchewan to New Brunswick.<\/p>\n
New Brunswick Premier\u00a0Brian Gallant said in a statement that\u00a0the company’s decision not to move forward is “not good news” for those who wanted to see the pipeline built, including the provincial\u00a0government.<\/p>\n
“Like many New Brunswickers, we are disappointed. The project would have created jobs in New Brunswick and helped the Canadian economy,” Gallant said.<\/p>\n
The move comes nearly a month after it suspended its application to the National Energy Board (NEB) and hinted\u00a0it might decide not to pursue the project in light of the regulator’s\u00a0new, tougher review process.<\/p>\n
TransCanada\u00a0said at the time it wanted to conduct a “careful review” of the new assessment process to gauge its effect on the costs, schedules and viability of the pipeline.<\/p>\n<\/p>\n
It was\u00a0granted a 30-day suspension, which was set to expire Sunday.<\/p>\n
Article source: http:\/\/www.cbc.ca\/news\/business\/transcanada-won-t-proceed-with-energy-east-pipeline-1.4338227?cmp=rss<\/a>\r\n<\/p>","protected":false},"excerpt":{"rendered":"
TransCanada says it won’t proceed with its Energy East pipeline and Eastern Mainline proposals. Russ Girling, the Calgary-based energy company’s CEO and president, said in a statement that National Energy Board and Quebec officials will be informed TransCanada won’t go forward with the applications. The proposed Energy East project would have carried oil from Alberta […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[84],"class_list":["post-94261","post","type-post","status-publish","format-standard","hentry","category-political","tag-political"],"_links":{"self":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/94261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/comments?post=94261"}],"version-history":[{"count":0,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/posts\/94261\/revisions"}],"wp:attachment":[{"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/media?parent=94261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/categories?post=94261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usa.timesofnews.com\/breaking-news\/wp-json\/wp\/v2\/tags?post=94261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}