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Stock Market & Financial Investment News

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February 3, 2014
05:50 EDTTRPObama not ready to decide on Keystone XL pipeline, Reuters reports
President Obama wants more information from other federal agencies before deciding whether to accept the State Department's conclusion that the Keystone XL pipeline would have no major impact on climate change, says White House Chief of Staff Denis McDonough, reports Reuters. Reference Link
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October 21, 2014
12:54 EDTTRPTransCanada delays seeking approval for $11B Energy East line, Bloomberg says
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October 10, 2014
18:55 EDTTRPTransCanada receives regulatory approval for Grand Rapids pipeline project
TransCanada announced that the Alberta Energy Regulator has approved the majority of the company's applications to construct and operate the Grand Rapids Pipeline Project. Grand Rapids will comply with all regulatory requirements and is evaluating the conditions in the decision. The project is expected to begin construction in Fall and become operational in stages, with initial crude oil transported by mid-2016. The full system will have an ultimate capacity to move up to 900,000 barrels per day, or bbl/d, of crude oil and 330,000 bbl/d of diluent.

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