CALGARY, Alberta -- TransCanada and its oil-producer customers are prepared to forgo plans for a marine terminal in Quebec to win support for the $9.6 billion Energy East oil pipeline, the company's largest project.
You have free articles remaining.
The company is weighing whether to build Energy East with a single marine outlet in New Brunswick, Chief Executive Officer Russ Girling said Wednesday in an interview at Bloomberg's Toronto office. TransCanada delayed the pipeline's startup more than a year to 2020 by abandoning plans last week for a terminal on the St. Lawrence River because of risks to endangered beluga whales.
Canceling a port in Quebec might allow TransCanada to overcome political and environmental opposition to the project as the company battles to push through regulatory approval for three other North American pipelines, including the Keystone XL through Nebraska.
Energy East would be North America's largest crude pipeline, stretching 2,859 miles from Alberta's oil sands to a New Brunswick export site. TransCanada also has two prospective conduits to Canada's Pacific Coast.