"TransCanada Plans Pipeline to East Coast"

"OTTAWA — Faced with uncertainty over its proposed Keystone XL pipeline, which would link Canada’s oil sands with the American Gulf Coast, TransCanada said on Thursday that it would build a pipeline to eastern Canada."

"The pipeline company announced that it would proceed with a $12 billion pipeline that could move up to 1.1 million barrels a day to New Brunswick, to serve a region that now relies on imported crude oil for the overwhelming majority of its supply.

TransCanada announced its decision four days after President Obama, in an interview with The New York Times, dismissed the significance of job claims by advocates of Keystone XL. In the interview he reiterated his position that approval for that pipeline rests on whether it will add significantly more carbon to the atmosphere."

Ian Austen reports for the New York Times August 1, 2013.

Source: NY Times, 08/02/2013