Keystone Delays Prompt a Search for Alternatives

Bloomberg: “Delays by the U.S. in reviewing Keystone XL are helping build momentum for an oil pipeline to Canada’s East Coast.”

TransCanada Corp. “may have an easier path to approval with its alternative to the nation’s Atlantic Coast. The C$12 billion ($11 billion) Energy East would be North America’s largest oil line, with capacity to ship 1.1 million barrels a day.”

“Delays to TransCanada’s Keystone XL pipeline are changing the nature of Canadian and U.S. relations, Chief Executive Officer Russ Girling said at the conference.”

“’Nobody believes that this doesn’t set a precedent, that the world is the same as it used to be,’ Girling said, referring to the lack of progress in getting U.S. approval for the pipeline. ‘The crux of the question is, does the U.S. want Canadian oil.’”

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