The Energy East project was expected to transport over one million barrels of crude oil a day from the provinces of Alberta and Saskatchewan to New Brunswick, on the Atlantic coast, where it would be refined and exported. In the summer of 2016, the National Energy Board's review of Energy East was compromised after it was revealed by the National Observer that former Quebec Premier Jean Charest met the chairman and two commissioners on the National Energy Board while working for TransCanada.
Saskatchewan Premier Brad Wall says the reasons for the decision fall at the feet of Prime Minister Justin Trudeau and the federal government.
When it was announced in 2013 it was hailed by the oil industry and government as a nation-building project that would unlock Canadian energy exports after years of delay on other pipeline projects including Keystone XL and Enbridge Inc's Northern Gateway.
Alberta Premier Rachel Notley has championed TransCanada's Energy East pipeline project as a way to provide revenue and jobs to her province's struggling economy.
TransCanada's decision to cancel the Energy East pipeline project exposed deep divisions across the political landscape Thursday, highlighting the ever-present clash between energy development and environmental protection.More news: 5 taco chains with awesome National Taco Day deals
"We're disappointed. We supported the Energy East pipeline because it would have provided supply options and access to western Canadian crudes for our Montreal refinery and also would have provided access to new markets which is critical for Canadian producers". Many environmental groups opposed the pipeline as well.
TransCanada's Eastern Mainline project, also cancelled this week, would have added 279 kilometres of new natural gas pipeline facilities and nine compression units to the Canadian Mainline system used to deliver natural gas in Ontario and Quebec.
The company expects an estimated $1 billion after-tax non-cash charge will be recorded in the company's fourth quarter results.
"We still do not have a regulatory process that gives clear certainty to companies..."
February 3, 2016: The National Energy Board directing TransCanada to rework its application to build the contentious Energy East pipeline because the document is too hard to understand - even for experts.More news: Las Vegas gunman 'doted' on girlfriend but may have kept secrets
"Realizing that Energy East would never be allowed if its full climate impact was accounted for, TransCanada has walked away from the project", he said in a statement. This marked a first for the board, which had come under fire for not considering climate impacts in other pipeline hearings.
"Again it shows how local governments can make a difference", Coderre explained.
"Nonetheless, this is an unfortunate outcome for Canadians", Notley said in a statement.
Carr shrugged off Raitt's criticism, saying there are signs of growth in the energy sector despite "market challenges" posed by sagging oil prices. These pipelines are bad for the climate, bad for communities, and bad for business.
The company suspended its application on Sep.More news: Apple iPhone X buyers reportedly interested in the most expensive 256GB variant