To start, cars will ship 20,000 bpd but will hit 120,000 bpd by mid-2020
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Alberta spending $3.7B to move oil by rail, leasing carsThe Alberta government is spending $3.7 billion to move the province's land-locked oil to market by rail. It says 4,400 leased railway cars will move up to 120,000 barrels of oil per day by 2020.
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Amazon's exit could scare off tech companies from New YorkAmazon jilted New York City on Valentine's Day, scrapping plans to build a massive headquarters campus in Queens amid fierce opposition from politicians angry about nearly $3 billion in tax breaks and the company's anti-union stance.
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Alberta spending $3.7B to move oil by rail, leasing carsThe Alberta government is spending $3.7 billion to move the province's land-locked oil to market by rail. It says 4,400 leased railway cars will move up to 120,000 barrels of oil per day by 2020.
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Alberta plans to lease 4,400 rail cars to ship crude amid low oil prices, lack of new pipeline capacityPremier Rachel Notley said the province will spend $3.7-billion on leasing and transportation services, expects $2.2-billion profit
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Weak markets in B.C. and Alberta lead to fourth-straight monthly fall in Canadian home pricesThe Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed prices fell 0.1 percent last month from December 2018
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Alberta’s plan to lease rail cars to move stuck crude expected to reap $2.2 billion in profitAlberta expects $2.2-billion profit from plan to lease rail cars to move stuck crude
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