As a result of the decision, TransCanada expects an estimated $1 billion after-tax, non-cash charge to be recorded in the fourth quarter, the company saidin a statement Thursday.
She pointed out that they could build the KeystoneXL pipeline to delivery Canadian oil to the US gulf coast but the company ultimately decided the regulatory hurdles were too significant for a pipeline to service Canadian refineries.
"Obviously it's not great that they've canceled the project, but overall I think it was anticipated", said Manash Goswami, a Portfolio Manager with First Asset Investment Management Inc.
"This project was so wrong and so unsafe, its hard to believe it was seriously contemplated", Gretchen Fitzgerald, national program director of environmental organization the Sierra Club, said. The company warned then that it could cancel the proposed 2,800 mile oil pipeline from Hardisty, Alberta, to Saint John, New Brunswick, which would have been most expensive project in TransCanada's history.
The National Energy Board must let the industry know how future project reviews will be conducted so investors can have confidence in the industry, she said. "And it may well be that they looked at their capital plan and they looked at their ability to execute on two major projects simultaneously and shelved one for a while in favour of the one that's more likely to move forward quickly. We are going to continue to look for other export markets for energy, which would allow us to increase our generation, and we are going to keep an eye on world market conditions".
"This is an important day in the fight against climate change in Canada".
When it was announced in 2013, Energy East was hailed as a nation-building project that would unlock Canadian exports and boost economic growth along its route.
Aurore Fauret, Tar Sands Campaign co-ordinator at 350.org said the decision is proof that climate action and pipelines don't mix, and that organized resistance can prevail.
Energy Minister Jim Carr defended the government by citing the green lights for Trans Mountain and Line 3, and insisting that the TransCanada decision was a "business decision" influenced by the state of commodity prices.
"His actions and his government's actions may well have some westerners wondering if this country really values western Canada, the resources we have, and the things we do to contribute to the national economy and to quality of life for all".
There was a bombshell announcement this morning from Calgary-based TransCanada Corporation. "Make no mistake, other companies' decisions to invest in Canada will be informed by this debacle". "But when you have something that represents 26 football fields and they want to open wetlands, and install pipelines everywhere - that's unacceptable".
Since Keystone XL was proposed, oil prices have plummeted.
Duplisea agreed that the level of uncertainty made it impossible for the company to proceed with the application. "Governments need to step up with a plan to assist oil sands workers in transitioning into clean energy jobs".
Attackers inspired by ISIS have previously sent videos pledging allegiance to leader Abu Bakr al-Baghdadi before their assaults. The terrorist group published at least one English video on October 3 about the Las Vegas attack.
The government, however, blames the Rohingya for the violence, claiming the Muslims set fire to their own homes. Up to 60 percent of the Rohingya who have fled Myanmar since August 25 are estimated to be children, he said.
That change alone, he said, would boost state spending by $10 to $15 million. "We're continuing to operate as normal", she said. The 20-year-old Children's Health Insurance Program is gap insurance for low-income families who don't qualify for Medicaid .
If you're one of the unlucky ones who has one of these bowls or plates, you have a couple of options to obtain a refund. Playtex plates and bowls affected come in a variety of designs , including cars, giraffes, princesses and superheroes.
Kremlin spokesman Dmitry Peskov warned people Monday that unauthorized rallies will have consequences for the people responsible. Huntsman will be performing one of the most hard jobs on the diplomatic circuit.
The elder Ball "had already been having concerns about" Dennis Lattmore, the new coach, according to the Times . LaMelo's leaving will surely have significant effects on Southern Californian basketball, let alone Chino Hills.
The first is they can entice even more Prime sign-ups by offering free two-day delivery on a greater range of third-party sales. Amazon has invested heavily in its logistics network over the years and taken on losses to build it out.
I am encouraged by the continuing engagement of Egypt with all sides to ensure the implementation of the Cairo understandings. President Mahmoud Abbas said on Monday that he will not accept to see the Hezbollah example applied in the Palestinian areas.
As for the musical guest, JAY-Z is always going to be a draw just because of his status as one of the biggest rappers of all time. In this sequel sketch, Kate McKinnon got all up in Gosling's butt like "shoppers storming a Walmart on Black Friday".
Nakamura quickly got the upper hand on Mahal, but the Singhs jumped on him and allowed Mahal the opportunity to hit The Khallas. This very personal rivalry reached its boiling point this week when Owens powerbombed Shane through a merchandise table.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Finally, BidaskClub downgraded Tesla from a strong-buy rating to a buy rating in a research note on Tuesday, June 20th.
In July , it began production of the Model 3 , which starts at $35,000 - half the starting price of the Model S. It shows a modern looking truck which is quite similar to the teaser image Tesla had released in April.