TransCanada going ahead with east-west pipeline
Posted August 1, 2013 7:41 am.
This article is more than 5 years old.
TransCanada Corp has decided to go ahead with its Energy East pipeline project to transport crude oil to Canadian refineries and export terminals.
The proposed pipeline system will take crude from western provinces as far east as Saint John, N.B.
It will include some existing TransCanada pipelines between western Canada and Montreal plus new lines to be constructed to take the crude further east.
TransCanada estimates the project will cost about $12 billion, excluding the value of its converted Canadian Mainline pipeline system.
The project has been backed by provincial premiers but faces opposition from environmental and other groups.
Company officials will hold a news conference mid-morning Thursday.
