The InsideClimate News investigation comes amid news that President-elect Donald Trump has chosen Exxon CEO Rex Tillerson as secretary of state.
Canada has oil reserves of 171 billion barrels, which placed it third in the world behind Venezuela and Saudi Arabia at the
"The president and I agree on many things, including, of paramount importance, the direction we want to take our countries
The railway would be a 50-50 partnership with aboriginal groups. It would require loan guarantees, from the federal, Alberta and Alaska governments, and private sector equity partners.
Barring that, TransCanada would like a lot of money.
Federal Court Gives Blessing to Covertly Approved Enbridge Cross-Border Tar Sands Pipeline Expansion
That is, they dreamt up the idea to add pump stations on each side of the border to two different pipelines (in name only
As with most oil companies, 2015 has been a rough year for Royal Dutch Shell. Then Anglo-Dutch company reported a third quarter loss of $6 billion, which included $7.9 billion in impairment charges.
TransCanada, the owner of the recently-nixed northern leg of the Keystone XL tar sands pipeline, has won a bid from Mexico's government to build a 155-mile pipeline carrying gas from hydraulic fracturing ("fracking") in the United States to Mexico's electricity grid.
Rail is too expensive and logistically challenging to take the place of pipelines and support expanded tar sands production. Tar sands oil is some of the most expensive in the world to produce - and shipping crude by rail to the Gulf costs twice as much as by pipeline.
Environmentalists praised the decision, which House Speaker Paul Ryan called "sickening."