Enbridge Inc.’s plan for a pipeline to carry oil-sands crude from Canada to the Texas Coast may gain a competitive advantage from the U.S. State Department’s demand for further study of TransCanada Corp.’s rival Keystone XL line.
Colonial Pipeline Co., which operates the largest line linking U.S. Gulf Coast refiners and East Coast markets, said it finished an expansion that will add 24,000 barrels a day of capacity and plans more.
Plans to reduce the carbon content of U.S. transportation fuels are likely to boost oil imports from the Middle East and lead to more pollution from diesel-fueled tankers, according to a report commissioned by the National Petrochemical and Refiners Association .
U.S. refiners and other fuel providers would pay as much as $42.3 billion for pollution rights in the first year of a newly proposed program to limit U.S. greenhouse gases, an industry group said today.
Senators John Kerry and Joseph Lieberman unveiled legislation today to expand offshore oil and natural-gas production, as well as reduce greenhouse-gas emissions by 17 percent this decade from 2005 levels.