Keystone XL’s death sparks rush to ship oil-sands by rail

(Source: Bloomberg, February 24, 2021)

WASHINGTON, D.C. — U.S. President Joe Biden’s decision to cancel the Keystone XL pipeline is sparking renewed interest in shipping Canadian oil-sands crude by rail, and that comes with its own environmental risks. Without Keystone XL, which was scheduled to enter service in 2023, rail is poised to become a more important way for Canadian oil to reach U.S. Gulf Coast refineries, which need the heavy crude to replace declining supplies from Mexico and Venezuela.

Full story: Yahoo Finance

Monday, March 1, 2021