A bank analyst says the chance that the Energy East pipeline project will be built has fallen to 25 per cent from 33 per cent after members of a regulatory panel were forced to resign last week. CIBC analyst Robert Hope said in a note to clients that poor prospects have gotten worse for the controversial $15.7-billion pipeline, which would bring about 1.1-million barrels of oil per day from Alberta and Saskatchewan to Eastern Canada refineries and a marine terminal in New Brunswick. On Friday, the National Energy Board announced its three Energy East panellists had recused themselves following complaints that two of them met with former Quebec premier Jean Charest, a consultant for developer TransCanada at the time, last year to discuss the pipeline.
Canadian Press – September 12, 2016.
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