With the recent approval of Kinder Morgan Canada’s C$6.8 billion (US$5.1 billion) Trans Mountain Expansion and Enbridge’s C$7.5 billion Line 3 replacement — coupled with new hope for TransCanada’s Keystone XL after Donald Trump’s US presidential election victory — the fate of EEP is even more uncertain than before.
TransCanada proposed the 1.1 million barrels per day EEP more than two years ago, in the hope of further expanding market access for Canadian crude by shipping oil from Alberta to the East Coast for refining in Quebec and New Brunswick and export across the Atlantic to Europe or India.
Canadian
