Proponents and critics of Keystone XL are unleashing a final flurry of pleas to persuade the government on the pipeline, which has become a flash point in a debate over energy development versus climate protection.
In less than a decade, Marco Dunand and Daniel Jaeggi have turned a 10-person company supplying oil to a pair of Polish refineries into the world’s fourth-largest commodity trader with revenue topping $100 billion last year.
Bitumen from Canada’s oil-sands formations is free to ride in older rail cars under an amended set of rules issued by the U.S. yesterday that also eased testing for oils that shippers are familiar with handling.
A Canadian company may have found a way to ship more oil across the U.S. border without becoming enmeshed in the red tape that’s tied up the proposed Keystone XL pipeline -- by relying on a permit it got four decades ago.
A push by Warren Buffett’s railroad to boost oil-shipment safety is meeting resistance from Hess Corp. and other companies that say the plan would mean a surge in costs and force them to scrap thousands of tank cars.