Keystone Delays Fueling Push for Canada Eastern Oil Pipeline

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

TransCanada Corp., the company proposing the $5.4 billion conduit to connect Alberta’s oil sands with U.S. Gulf Coast refiners, 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.