TransCanada may abandon Energy East pipe facing tougher review

8 Sep 2017   Canada, Pipelines

TransCanada Corp ( TRP.TO ) will suspend the application for its Energy East pipeline for 30 days and may abandon the project, the company said on Thursday, weeks after Canada’s National Energy Board (NEB) regulator announced a tougher review process. TransCanada will do a “careful review” of the new assessment process to gauge its effect on the costs, schedules, and viability of the pipeline to the Atlantic coast, the company said in a statement. The NEB in August expanded the scope of Energy East’s review, saying it will consider the project’s indirect greenhouse gas contributions and will provide “more visibility” to the evaluation of risks associated with accidents such as oil spills. Energy East, which would take crude from […]

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