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'Power Of Siberia': The Russian Natural Gas Pipeline From Siberia To Shanghai
Saturday, July 30, 2022 - 12:52pm | 449According to Armstrong Economics, in 2012 Russian President Vladimir Putin ordered Gazprom to begin construction on the natural gas pipeline dubbed, “Power of Siberia” that would connect Siberia to Shanghai, China. The “Power of Siberia” has been in construction for eight...
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Fintech Focus For May 14, 2021
Thursday, May 13, 2021 - 5:16pm | 1839Quote To Start The Day: “The way to get started is to quit talking and begin doing.” Source: Walt Disney One Big Thing In Fintech: An activist short seller has written a letter to the chief executive of insurance giant Lemonade with details of an “accidentally discovered”...
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The Daily Dash: Colonial Pipeline Shutdown Special
Tuesday, May 11, 2021 - 11:06am | 559The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight the latest coverage of the cyberattack that shut down the Colonial Pipeline, along with more industry news. The High Five 1. Colonial Pipeline, which carries fuel from the Gulf Coast...
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Enbridge Stock Could See Pressure As Whitmer Orders Shutdown Of Michigan Pipeline
Friday, November 13, 2020 - 3:23pm | 391On Friday, Michigan Gov. Gretchen Whitmer filed legal action to shut down the Line 5 pipeline that transports oil under the Straits of Mackinac. What Happened: Whitmer’s office notified the company it has 180 days and then the flow must stop, according to WOOD-TV. Michigan Attorney General...
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First Nations Group, Canadian Officials Reach Unspecified Deal On Pipeline
Monday, March 2, 2020 - 11:39am | 738After three days of negotiations, the hereditary chiefs of the Wet'suwet'en and Canadian government officials have reached a tentative agreement on how to proceed with Coastal GasLink's project to construct a fracked-gas pipeline on Wet'suwet'en territory in northern British Columbia, according to...
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Canadian Rail Line Blockades "Need To Come Down Now," Trudeau Says
Monday, February 24, 2020 - 10:07am | 523Canadian Prime Minister Justin Trudeau called for an immediate end to the rail blockades that have caused serious disruptions to the country's supply chains for more than two weeks, calling them "unacceptable and untenable." "The barricades need to come down now," Trudeau told reporters during a...
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Today's Pickup: Canadian Trucking Industry Group Warns Of Pipeline Protest Impact
Wednesday, February 19, 2020 - 1:23pm | 729Good day, The anti-pipeline protests that have disrupted key Canadian National rail lines in Canada aren't a good thing for the trucking industry even if some carriers see a temporary spike in volumes. "When the railways suffer disruption in service, it impacts everyone in the economy including...
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Canadian Businesses, Government Officials Urge End To Pipeline Protests
Thursday, February 13, 2020 - 1:51pm | 798Canadian businesses and government officials are urging protesters to stop blocking freight and and passenger rail lines and end a nearly weeklong protests over a proposed pipeline. Minister of Transport Marc Garneau on Wednesday asked parties involved in the protest to engage in an open dialogue...
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Nebraska High Court Decision Win For Keystone Pipeline
Friday, August 23, 2019 - 3:54pm | 501The Nebraska Supreme Court has affirmed a decision to build the Keystone XL Pipeline through the state in what could prove a boon for trucking and a loss for rail if the project eventually gets off the ground. Several groups, including landowners, Indian tribes and the Sierra Club, had opposed a...
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Trans Mountain Resumes Pipeline Expansion
Wednesday, August 21, 2019 - 3:58pm | 253Trans Mountain Corporation moved to resume the expansion of its pipeline, which promises to triple the amount moving from Alberta to British Columbia by mid-2022. Trans Mountain, owned by the Canadian government, announced on August 21 that it issued directives to contractors to mobilize for the...
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More Than 150 Trucks Caravan To Ottawa To Protest Carbon Taxes, Support Pipelines
Thursday, February 14, 2019 - 7:02pm | 658A 159-truck convoy left western Canada on Thursday to kick off a four-day, 2,500-mile caravan to the nation's capital, Ottawa, with a plan to push for more pipelines and less government regulation of the energy industry. Under the banner United We Roll, the convoy left Red Deer, Alberta on...
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Northeast Struggles Due To Insufficient Gas Pipeline Infrastructure
Friday, January 25, 2019 - 2:14pm | 996Residents of Northeastern states are struggling with increased electricity costs and an unreliable energy supply as elected officials contemplate expanding natural gas pipelines in the region. Consolidated Edison, Inc. (NYSE: ED), a New York utility provider, announced on January 18 a...
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Kinder Morgan Is A Buy After Pipeline Sale To Canadian Government, Wells Fargo Says In Upgrade
Monday, June 18, 2018 - 11:52am | 379Kinder Morgan Inc (NYSE: KMI)'s sale of its Trans Mountain pipeline and related infrastructure to the Canadian government for the U.S. dollar equivalent of $3.4 billion eliminates two overhangs that prevented a bullish stance on the stock, according to Wells Fargo. The Analyst Wells Fargo...
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ETF, MLP Set To Move On GOP Victory
Thursday, November 6, 2014 - 1:30pm | 688The Republicans pulled off a historic night in the mid-term elections as they took over the Senate and won several gubernatorial swing states. The Senate is the most important outcome of mid-term elections and it has several sectors set to take advantage of the potential new policies of the...
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Despite Setbacks, Royal Dutch Shell is Not Out of Africa
Thursday, October 17, 2013 - 3:38pm | 1145Although Royal Dutch Shell (NYSE: RDS-A) is selling four oil blocks in Nigeria, it is firmly committed to its position in the energy industry in Africa. Along with Exxon Mobil (NYSE: XOM) and others, the company has strongly opposed proposed protective legislation in South Africa that would...