TransCanada Applies to Build Energy East Oil Pipeline
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TransCanada Corp. the company that has been trying to build the Keystone XL pipeline since 2008, applied today for a C$12 billion ($10.7 billion) link between Alberta’s oil sands and Canada’s Atlantic Coast.
The 4,600-kilometer (2,859-mile) Energy East line would be North America’s largest crude conduit, carrying as much as 1.1 million barrels a day within Canada to refineries and marine export terminals in Quebec and New Brunswick. Canada’s National Energy Board has 15 months to review the application and make a recommendation to the cabinet of Prime Minister Stephen Harper.