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Page 36 - பெட்ரோ கெமிக்கல் உற்பத்தியாளர்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

4 More States Propose Harsh New Penalties For Protesting Fossil Fuels

4 More States Propose Harsh New Penalties For Protesting Fossil Fuels Industry-designed bills to silence climate protests are under consideration in Arkansas, Kansas, Minnesota and Montana. More are likely to come. By Alexander C. Kaufman Kerem Yucel/AFP/Getty Images A Native American environmental activist dances with an eagle feather in front of the construction site for Enbridge s Line 3 oil pipeline near Palisade, Minnesota on January 9, 2021. Dawn Goodwin spent her 50th birthday among towering pines and yellow birches whose tree rings make her lifespan seem like a child’s in comparison. But on that cool, overcast Saturday in December, the growling of construction trucks and chainsaws drowned out the natural soundscape of gushing freshwater and wind whispering between pine needles on the banks of the Mississippi River. 

What Keystone pipeline cancellation means for crude-by-rail | Hellenic Shipping News Worldwide

What Keystone pipeline cancellation means for crude-by-rail President Joe Biden’s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. “The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its merits or drawbacks, it is now a deflated political football,” said Barry Prentice, University of Manitoba supply chain management professor and former director of the Transport Institute there. “This means that more crude will have to move by rail. The huge investments in the oil sands will not be abandoned, and the oil has to go somewhere.”

Canadian National Railway Company (NYSE:CNI), Canadian Pacific Railway Limited (NYSE:CP) - What Keystone Pipeline Cancellation Means For Crude-by-rail

Share: President Joe Biden s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its merits or drawbacks, it is now a deflated political football, said Barry Prentice, University of Manitoba supply chain management professor and former director of the Transport Institute there. This means that more crude will have to move by rail. The huge investments in the oil sands will not be abandoned, and the oil has to go somewhere.

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