The Thursday news briefing: An at-a-glance survey of some top stories
Highlights from the news file for Thursday, Oct. 5
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TRANSCANADA SCUTTLES ENERGY EAST: TransCanada Corp. has abandoned its $15.7-billion proposed Energy East pipeline, citing changed circumstances. The company would not elaborate. Critics speculate the cancellation was prompted by low oil prices and the lack of commercial need for the project while supporters blame costs and delays from federal government regulatory meddling. The project ran into headwinds when regulatory hearings collapsed after protesters shut down hearings and accused the review panel members of bias, prompting the board to start the review process from scratch.
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