-17.7 C
Fort St. John
Friday, November 16, 2018
Tel: 250-787-7100
Email: contact@energeticcity.ca
9924 101 ave Fort St. John, B.C.
Advertisement
Advertisement
Advertisement

Alberta’s Notley proposes Ottawa get into the crude by rail business

CALGARY, A.B. – Alberta Premier Rachel Notley is proposing Ottawa get into the crude-by-rail business.

She says Alberta heavy oil producers have been dealing with a punishing price gap between their product and U.S. light oil.

She says that amounts to money being taken out of the Canadian economy and sucked into American bank accounts.

The differential is about US$40 a barrel and has been as high as $52 in recent weeks.

Notley says new coastal pipelines to get access to international markets are necessary in the long term to get Alberta producers a better price.

In the meantime, she says, Ottawa should look to invest in moving oil to market on rail cars.

“We are in the midst of putting together a specific business case that we’ll be taking to the federal government late this week, early next week, where we lay out the specific costs,” Notley said Monday after a meeting with oil and gas industry leaders.

She said more rail cars and locomotives are needed, but she didn’t have the potential number or cost at her fingertips.

(THE CANADIAN PRESS)

Advertisement
Advertisement
Advertisement
Advertisement

Local Events

Doc Walker to play the Lido Theatre

HYPNOTIST: RAY ANDERSON

Jokes N Tokes Comedy Tour

Advertisement
Advertisement
Advertisement

Must Read

Fort St. John RCMP looking to return lost money

FORT ST. JOHN, B.C. - The Fort St. John RCMP are looking to return lost money to the rightful owner. On June 14, 2018, a...

Flyers to host Dawson Creek Canucks