TransCanada Corporation expects to begin shipping oil by rail within months as it waits for a final decision on the controversial Keystone XL pipeline.
With rail loading capacity of almost 1.2 million barrels of oil per day, “nobody has waited for Keystone XL to get built,” CEO Russ Girling said last week. “Depending on our conversations [with producers], we will probably enter the rail business in some form or fashion in the coming months,” with the expectation that customers will switch to pipeline if Keystone is built.
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“TransCanada has hinted at a rail link to connect its customers to the U.S. market in the past, but talks with customers appear to have advanced as the company has faced six years of delays in waiting for Washington to approve its 830,000-bpd Keystone XL pipeline proposal,” the Financial Post reports.
“TransCanada has stated that oil by rail emits three times the greenhouse gases of pipelines, although rail companies dispute the figure.” (h/t and welcome to iPolitics energy specialist Mackenzie Scrimshaw for pointing us to this story)
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