Pipeline Giant TransCanada Gets Double Whacked

摘要

So far, 2012 has not been a very good year for TransCanada. First, indications suggest its planned natural gas pipeline from Alaska's North Slope to the British Columbia-Alberta border will be downsized to an in-state project serving an LNG export facility somewhere on the south-central Alaskan coast. Then last week, US President Barack Obama refused to sanction the Keystone XL project, a planned 1,700 mile, $7 billion oil pipeline from Hardisty, Alberta, to Port Arthur and Houston, Texas.