• 5 minutes Covid-19 logarithmic growth
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 14 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 45 mins WE have a suicidal player in the energy industry
  • 6 hours Washington doctor removed from his post, over covid
  • 5 hours Shale Legs
  • 2 hours TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 59 mins How to Create a Pandemic
  • 1 hour The Most Annoying Person You Have Encountered During Lockdown
  • 1 hour Real Death Toll In CCP Virus May Be 12X Official Toll
  • 6 hours Which producers will shut in first?
  • 8 mins Saudi Aramco struggling to raise money for this year's dividend of $75 billion. Now trying to sell their pipelines for $10 billion.
  • 4 hours KSA taking Missiles from ?
  • 10 hours Trump eyes massive expulsion of suspected Chinese spies
  • 13 hours Did Trump start the oil price war?
Alt Text

Chinese Scientists Find New Way To Clean Up Oil Spills

Chinese scientists have invented a…

Alt Text

The Oil Eating Bacteria That Can Clean Up Crude Spills

Scientists have discovered a rod-shaped…

Alt Text

BP To Take Final Hit On 2010 Disaster

British Petroleum is set to…

MINING.com

MINING.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

More Info

Premium Content

Economic Benefits From Oil Spills? Canadian Company Thinks So

Kinder Morgan’s (NYSE:KMI) assertion that oil spills could bring economic benefits is triggering heated reactions.

The company’s statement, part of its $5.4 billion proposal to the federal government submitted Tuesday, also acknowledges a spill could have negative consequences for the environment and nearby communities. However, in the 15,000-page document, the company insists that a risk assessment and 60-year history operating the existing pipeline has shown “the probability of a large pipeline spill is low.”

Sierra Club campaigns director Caitlyn Vernon, said in a statement that Kinder’s view on oil spill is “an outrageous insult” to British Columbians.

"While marketing professionals might find lucrative work trying to rebrand an oil-drenched B.C. coast, a spill would put at risk more than 200,000 jobs in the lower mainland that depend on our clean, beautiful environment."

She added that with such a statement, Kinder Morgan has acknowledged that oil spills happen.

But Kinder Morgan senior director of marine development Michael Davies told 24Hours the comments were part of a requirement for the application.

“No spill is acceptable to us and while we are required by the National Energy Board to explore both the positive and negative socio-economic effects of a spill, it in no way means we accept the inevitability of a spill, nor justify one,” he was quoted as saying.

If approved, the expansion project will nearly triple the capacity of the 1,147 km Trans Mountain pipeline from 300,000 barrels per day to 890,000 barrels per day. To accommodate the increased oil, Kinder Morgan is proposing to build a new pipeline from Edmonton, Alberta, to the Burrard Inlet in Burnaby, B.C., create new and modified facilities and add three berths at the Westridge Marine Terminal in Burnaby. The pipeline carries a variety of hydrocarbon products including diluted bitumen from the Alberta oil sands.

Excerpts from the company’s application to the National Energy Board for expansion of the Trans Mountain pipeline were published Wednesday by Press Progress.

By. Cecilia Jamasmie of Mining.com


Download The Free Oilprice App Today

Back to homepage






Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News