The company, Canada’s largest pipeline operator, reported a loss in the third quarter driven by both delays in completing its Line 9 project and one-time charges.
NEB Mining News
The planned optimization include the Athabasca Twin and the Wood Buffalo extension projects.
The company's Line 9B reversal project has been delayed after the National Energy Board requested additional info last month.
The firm no longer expects to complete its $7.3 billion (and climbing) project in four years.
Coastal First Nations will take their battle against the firm's proposed Northern Gateway pipeline.
Pipeline will open Alberta's oil sands to Asian markets.