Oil by Rail

Three Canadian banks are among the more than two dozen financial
institutions identified as backers of the controversial Dakota Access
Pipeline and its associated companies. The pipeline has been the focus of
intense opposition from the Standing Rock Sioux tribe in North Dakota, who
fear that a spill would poison their water supply, as well as from other
Native Americans, Indigenous peoples in Canada, and environmentalists.
 
The planned pipeline would bring oil from North Dakota to Illinois, but has

August 10, 2016, BELLINGHAM,, Wa,, USA - No new applications to ship unrefined fossil fuel through Cherry Point can be approved for at least the next two months after Whatcom County Council passed an emergency moratorium Tuesday night, Aug. 9.

The council unanimously passed the moratorium to address concerns about potential public health and safety risks that could come with the increased transportation of unrefined fossil fuels, such as crude oil traveling by rail through the county to two refineries at Cherry Point.

If it's ever built, a $22 billion oil refinery in Kitimat would be Canada's largest

July 27, 2016 -  Share:B.C. newspaper owner David Black thinks Canada should be refining its oil, not shipping it offshore.

Will the federal Liberal government put up a $10 billion loan guarantee for David Black’s proposed $22 billion low-carbon refinery in Kitimat?

That is just one of the financing issues the B.C. newspaper magnate needs to resolve if he is to succeed in building what he says would be Canada’s biggest – and the world’s cleanest – oil refinery.

July 14, 2016 - TransCanada Corp. joined hands with construction unions on Thursday to demonstrate support for its Energy East pipeline project, which goes to public hearings next month.

At a ceremony in a union training facility in Ottawa, TransCanada chief executive officer Russ Girling signed an agreement with four unions committing to employ their members in the $15.7-billion project – assuming that it receives federal approval two years from now.

Canada's oil sands production will grow by 1 million barrels daily in the next decade above the current output of about 2.75 million barrels, driven mostly by the expansion of existing facilities rather than new projects, a new reports shows.

According to global consulting firm IHS Energy, the roughly 42% production increase will help Canada remain among the world’s largest oil suppliers.

Two companies proposing to build what would be U.S. largest oil-by-rail marine terminal along the Columbia River in Washington see it as an opportunity to link domestic crude oil from the Midwest to a West Coast port.

Critics, however, see an environmental and safety catastrophe waiting to happen, especially after a train carrying volatile Bakken crude oil derailed and burned on June 3 in Mosier, Ore., just 112 kilometres upriver from the project site in Vancouver, Wash.

OTTAWA — Prime Minister Justin Trudeau won’t say when his government will fulfill a campaign promise to “formalize” an oil tanker ban for the northern B.C. coast.

“We’re working every day on getting both the environment and the economy protected right across the country,” Trudeau said in a recent interview when asked when he will fulfill that high-profile pledge.

“We’ll continue to work on that file.”

Luck was in abundance on Friday in Mosier, Oregon where the latest Bakken oil train derailed and erupted into flames near a 50-home residential area and a school. 

As Mosier Fire Chief Jim Appleton said, “Mosier really dodged a bullet in the last 24 hours.”

“I hope that this becomes death knell for this mode of shipping this cargo. I think it’s insane,” Appleton said. “I’ve been very hesitant to take a side up to now, but with this incident, and with all due respect to the wonderful people that I’ve met at Union Pacific, shareholder value doesn’t outweigh the lives and happiness of our community.”

It's a familiar story to those following the Bakken oil “bomb train” saga — luck.

“If I had been there another second, it’d probably have killed me,” Bounds said. “Glass was flying everywhere behind me. The walls were caving in. I hadn’t run like that in years.”

That was Morris Bounds describing to The Spokesman Review how he barely escaped the derailing Bakken oil train that destroyed his home in Mount Carbon, West Virginia in February 2015. He literally saw the train derailing and ran out his front door as the train wiped out his house behind him. 

You don’t get much luckier than Morris Bounds. Or his wife, who happened to be in the hospital that day instead of at home. 

Later that year when another Bakken oil train derailed in a residential neighborhood in Watertown, Wisconsin but did not ignite, Sarah Feinberg, the head of the Federal Railroad Administration, declared, “We feel we got really lucky.”  

In his May 23 opinion piece, Tim McMillan, president and CEO of the Canadian Association of Petroleum Producers, claimed that “New pipelines will help connect Canada’s landlocked oil reserves, the third-largest in the world, to tidal ports and from there to global markets where demand for oil is growing.”