Alberta Buying Rail Cars to Ship Crude Amid Pipeline Pinch
- Premier Rachel Notley announced the plan in a speech in Ottawa
- Says third party to negotiate deal that’s likely within weeks
Photographer: Daniel Acker/Bloomberg
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Alberta is working to buy rail cars to help ship more crude as pipeline bottlenecks have the oil-rich province grappling with historic low prices.
The province has engaged a third party to negotiate the purchases and a deal may be struck “within weeks,” Premier Rachel Notley said Wednesday in a speech in Ottawa. The province’s costs will be fully recouped through royalties and the selling of shipping capacity, she said.