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TransCanada Plans Pipeline to East Coast

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Author: 
Ian Austen
Source: 
The New York Times - Business News
Date published: 
Thu, 2013-08-01

OTTAWA — Faced with uncertainty over its proposed Keystone XL pipeline, which would link Canada’s oil sands with the American Gulf Coast, TransCanada said on Thursday that it would build a pipeline to eastern Canada.

The pipeline company announced that it would proceed with a $12 billion pipeline that could move up to 1.1 million barrels a day to New Brunswick, to serve a region that now relies on imported crude oil for the overwhelming majority of its supply.

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