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Reuters reported that Enbridge Inc (NYSE:ENB) may alter the size of the proposed 800,000 barrels-per-day Wrangler crude oil pipeline after U.S. lawmakers have decided to postponed approval of Keystone XL Canada-to-Texas line.
Reuters reported that Enbridge Inc (NYSE:ENB) may alter the size of the proposed 800,000 barrels-per-day Wrangler crude oil pipeline after U.S. lawmakers have decided to postponed approval of Keystone XL Canada-to-Texas line.
As quoted in the market news:
Signs that customers who were counting on TransCanada’s line may be abandoning the $7 billion project — after the State Department ordered a new environmental review — will lend credence to some analysts’ expectations that the project may now be dead, a major blow to Canada’s oil sands ambitions.