Not exact matches
Trump's action, which
comes in his fourth full day in office, would be a boon for oil producers concerned about limited
pipeline capacity bringing oil to market.
Suncor Energy Inc. and Imperial Oil Ltd. are accusing Enbridge Inc. of overbuilding
pipeline capacity into the U.S. at a time when it's not needed, and are looking to escape the increase in tolls that will
come once Alberta Clipper, a major new crude
pipeline, enters service later this year.
RBC analyst Michael Tran said that, even with Canadian government approvals of Kinder Morgan Inc.'s Trans Mountain expansion and Enbridge Inc.'s Line 3 replacement project, no new major
pipeline capacity is likely to
come on stream until at least 2019 or 2020.
The Water Authority's haul from the sale of federal lands eventually
came to almost $ 300 million and helped bolster financing for the
pipelines, tunnels, pumps and more that Las Vegas eventually built to double its
capacity to move water out of the Colorado River.
The
pipeline would have a
capacity of 700,000 b / d, and eventually 1 million b / d, but it won't
come online until the end of 2019.