The fall was driven by a flood of shale natural gas supply and renewable power increasingly displacing coal, the International Energy Agency (IEA) said.
Energy East Pipeline Mining News
He said the project would employ 28,000 people, with TransCanada predicting only 13,000 temporary construction jobs and the US State Department saying only 50 of them will be permanent positions.
Operating Engineers in the U.S. and Canada stand ready to build this essential piece of North American energy infrastructure.
The company has spent at least $2.5 billion on the project, whose total cost if built would be at least $10 billion due to delays and permitting costs.
The US President has signed two separate orders that advance the construction of TransCanada’s Keystone XL and Energy Transfer Partners LP’s Dakota Access oil pipelines.
Overall, Canadian deal-making in the first half of the year fell in line with the global cooling down trend that has followed the record valuations of 2015.
The East Energy pipeline is expected to generate $55 billion in economic benefit for Canada and create over 3,300 operational jobs across the country.
The provincial government asked the court to order a halt until the project has complied with the environmental laws in place.
The net loss also included a number of other smaller items, partially offset by an increase in revenue to $2.85 billion from $2.62 billion.
The firm has signed a deal with a power equipment manufacturer that will create up to 120 jobs in Quebec.
The firm has filed an amended application, which makes nearly 700 changes to the route in response to concerns about environmentally sensitive areas.
U.S. President Barack Obama’s decision to reject TransCanada Corp.’s Keystone XL project doesn’t necessarily make Canada a more risky place for energy investment.
The decision, confirmed this morning, puts an end to a seven-year saga that became one of the biggest environmental flashpoints of Obama's presidency.
If accepted, the request would keep alive the possibility that Keystone could go ahead after next year’s presidential election in the U.S.
The decision to scrap the Carmon Creek project, said the company, was partially due to a lack of pipelines to coastal waters.
Report claims that noise from tanker traffic causes heightened levels of stress for the North Atlantic right whale, hindering the mammal’s ability to communicate.
More than 60 Canadian groups are urging the National Energy Board to suspend its review of TransCanada's application for its Energy East pipeline.
Ontario and Alberta agree the controversial $12bn Energy East pipeline is a “nation-building” exercise and said they'd work together on the issue.
TransCanada Corp’s key projects face increasing hurdles locally and across the border.
'Too much work to be done' before application can be filed.