GLOBE-Net, December 14,2013
Continental Resources, one of the companies that had committed to ship crude on TransCanada Corp’s proposed Keystone XL pipeline, now says they will ship their Bakken oil by rail instead.
Continental had previously signed on to ship some 35,000 barrels of its own oil from the Bakken field of North Dakota on the 1,179-mile, $5.4-billion Keystone XL line.
Construction of the pipeline has been delayed for years as TransCanada has sought regulatory approvals, and Continental has since turned to railroads to get its crude to oil refineries.
Harold Hamm, chief executive of Continental Resources, told Reuters that his company and the U.S. oil industry in general are no longer counting on Keystone XL.
Read full story here on Reuters
See Globe and Mail investigation article, The deadly secret behind the Lac-Mégantic inferno here
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