Pipeline delays cause more emissions: exec

Mar 15, 2013 | 01:58 PM | Thorsten Schier

Tags  TransCanada, Keystone XL, Alex Pourbaix, rail, FirstEnergy, Société Générale, East Coast Energy Conference, pipelines Thorsten Schier

NEW YORK — Pipeline projects such as TransCanada Corp.’s Keystone XL have encountered delays because of environmental concerns, but that has had the unintended effect of pushing oil producers towards rail, a less environmentally friendly option, according to a top company executive.

"The facts are pretty simple: For every mile you move a barrel of oil by rail, you emit three times the GHGs (greenhouse gases) than you do by moving it by pipeline, and you have an order of magnitude higher risk of having some sort of incident, leak or spill," said TransCanada’s president of energy and oil pipelines, Alex Pourbaix. "If you’re....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results