KXL Pipeline Permit Denial Caps a Week to Forget for TransCanada

SUGAR LAND--November 10, 2015--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--TransCanada Corporation (NYSE:TRP) (Calgary, Alberta) had a really bad week last week. On Thursday, the company decided to drop plans to build a port in Québec from the scope of its Energy East Pipeline project, which would bring crude oil eastward across Canada. Then, on Friday, President Barack Obama denied TransCanada the presidential permit to build the Keystone XL Pipeline, a 1,179-mile, crude-oil pipeline that would have brought up to about 830,000 barrels per day of oil sands crude oil to the U.S. Within this article: Review of TransCanada Corporation's (NYSE:TRP) Energy East Pipeline port project and Keystone KL pipeline project. Additional companies: Suncor (NYSE:SU), Valero (NYSE:VLO)