TransCanada Requests Suspension Of Oil Pipeline

TransCanada has asked for a 30-day suspension of its application for the Energy East pipeline that should transport crude oil from Alberta and Saskatchewan to the eastern part of Canada. According to the company, it wants to review the National Energy Board’s August decision to toughen the pipeline project assessment procedure. In a statement, TransCanada suggested it might shelve the project overall if the new assessment procedure turns out to be too taxing on costs, schedule, and the viability of the project. NEB said it will decide on…

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