BREAKING -- TransCanada Cancelling Two Major Pipeline Projects

mentalfloss

mentalfloss

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Just not profitable, apparently.


TransCanada says it’s cancelling Energy East, Eastern Mainline pipeline projects

CALGARY — TransCanada says it's cancelling plans for the Energy East pipeline and Eastern Mainline projects.

The Calgary-based company said previously that it was suspending its efforts to get regulatory approvals for the mega projects.

Energy East was conceived as a way to ship Alberta oilsands production as far east as Saint John, New Brunswick.

TransCanada says it will inform the National Energy Board that it will no longer be proceeding with its applications for both pipelines.

It's also going to withdraw from a Quebec environmental review.

https://www.nationalnewswatch.com/2...-energy-east-pipeline-project-2/#.WdYlmK5E3YW
 
pgs

pgs

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Good lets keep sending our wealth to Saudi Arabia .
 
Jinentonix

Jinentonix

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mentalfloss said:
Just not profitable, apparently.
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See, your problem is you're a moron. Profit wasn't the problem. A clueless Justin Trudeau, a selfish Quebec Premier and several mayors in and around Montreal killed the pipeline. Good job, now we're stuck importing Saudi oil from an oppressive regime all because the dumbf*ck in Ottawa wants to play the Virtue Signaling Game while some worthless froggies who had no problem dumping billions of litres of raw sewage into the St. Lawrence play stupid political games. Once again, the federal govt allows Quebec to completely f*ck over the East Coast.

Of course we could route all the oil trains through Lac Megantic to drive the point home.
 
mentalfloss

mentalfloss

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captain morgan said:
This is a political move.

Expect this decision to be reviewed once tater tot is chased from office
Click to expand...

 
pgs

pgs

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taxslave said:
Bad news for the rest of us. Especially Eastern Canada which will have to rely on imported oil.
Now would be a good time to force an end to equalization payments to Ontario and Quebec.
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It is good news for a strong and proud Canadian family , the Irvings .
 
captain morgan

captain morgan

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taxslave said:
Bad news for the rest of us. Especially Eastern Canada which will have to rely on imported oil.
Now would be a good time to force an end to equalization payments to Ontario and Quebec.
Click to expand...

Expect the already-decimated mfg sector to deteriorate further... Cost of power to increase in costs especially as the carbon tax is forced into the picture.

As mentioned, I suspect that TCPL is retracting the project proposal at this time as it will have an impact on the Fed election in the next couple of years.

Funny though, the CPP and Ontario Teachers pension are both heavily invested in TCPL.... Looks like a double-whammy
 
Colpy

Colpy

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Well, I'd say the Prime Moron just lost a bunch of seats down here in New Brunswick.

Not only is the ignorant little boy jusy not ready, he never will be.
 
mentalfloss

mentalfloss

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Don't worry.

This is a fantastic opportunity for TransCanada to go renewable!
 
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