More on the rail plan
https://globalnews.ca/news/4984797/c...GlobalEdmonton
Quote:
The head of Canadian Pacific Railway Ltd. has voiced his displeasure at the idea of Alberta’s $3.7-billion deal with Canada’s two biggest rail companies to ship more crude via rail amid a pipeline crunch squeezing oilsands producers.
“So the government steps in, we didn’t like it at all,” said Keith Creel, speaking at a conference in Miami on Wednesday.
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Quote:
Despite his laissez-faire viewpoint, Creel admitted the deal was “just as good if not better” than others hammered out by CP Rail.
The railways have drawn on lessons from unfilled contracts following the crude-by-rail boom five years ago, entering into multi-year contracts with oil shippers that set minimum volumes and higher fees to help insulate them from volatile demand.
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Look on my Works, ye Mighty, and despair!
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