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Keystone I pipeline shut down again

Keystone I, the first phase of TransCanada’s pipeline system that brings tar sands oil from Alberta, Canada to southern Illinois, has shut down once again after mechanical problems. Reuters reports that there is “no word yet on the extent of the problems affecting the 591,000 barrel a day pipeline.” This comes as controversy continues to grow over the approval process for the second phase of the project, Keystone XL, which will continue the line all the way to the Gulf Coast of Texas. Keystone I has been in operation for less than two years.

Jul 31, 2020
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Keystone I, the first phase of TransCanada’s pipeline system that brings tar sands oil from Alberta, Canada to southern Illinois, has shut down once again after mechanical problems.
Reuters reportsthat there is “no word yet on the extent of the problems affecting the 591,000 barrel a day pipeline.”
This comes as controversy continues to grow over the approval process for the second phase of the project, Keystone XL, which will continue the line all the way to the Gulf Coast of Texas. Keystone I has been in operation for less than two years. Despite assurances from TransCanada that the project would be environmentally safe, the first phase has leaked 14 times in the United States since it opened and at least that many times in Canada as well.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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