Energy

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.

Click here to read the full Reuters report.

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