Source: CTV News

The federal government restated its support for TransCanada Corp. Tuesday, after the Calgary-based energy company said it is inviting companies to make 'firm commitments' to ship oil across the country in a proposed pipeline from Western Canada all the way to Saint John, New Brunswick.

“Global energy demand is expected to increase by over 36 per cent from 2010 to 2035 and Canada is well positioned to support that demand,” Oliver told reporters in Ottawa. “But without the infrastructure to move the product to market, our oil will be stranded and our legacy lost.”

  

Read more: http://www.ctvnews.ca/business/west-east-pipeline-key-to-open-new-markets-for-canadian-oil-oliver-1.1220400#ixzz2Pcek7pj9