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Pipeline's defeat could translate to rail gains

2015-11-10 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

EnergyWire: President Obama's decision to reject the Keystone XL pipeline Friday could come with a heavy side of tank cars. Canadian energy companies need about a dozen crude-laden trains each day to replace the volume of oil that could have been transported through KXL. Now that TransCanada Corp.'s Alberta-to-Gulf-Coast pipeline has been denied, however, it's clear that the contest between KXL and railroads in Canada's western oil patch wasn't a zero-sum game. Rail shippers could see a modest boost from...

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