TransCanada cancels Energy East pipeline project

Oil and natural gas pipeline company TransCanada is cancelling a plan to flow 1.1 million barrels of oil per day from western Canada to the Atlantic coast, according to the Associated Press. The news service says TransCanada did not specify why the Energy East project will not go forward. The pipeline would have shipped oil to the U.S. Eastern Seaboard, Asia and Europe. For more, read the full story.

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