Jason Kenney says he would shelve Alberta’s oil-by-rail deal [Toronto Globe and Mail (Ontario, Canada)]
Canadian National Railway Company (CNI)
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Source: Toronto Globe and Mail
Jason Kenney says he would shelve Alberta’s oil-by-rail deal Alberta Opposition Leader Jason Kenney says if he wins the spring election, his government will do everything it can to cancel a $3.7-billion deal to ship more oil by rail. Kenney is urging Canadian National Railway and Canadian Pacific Railway not to invest too much in the agreement given that it could be shelved. Premier Rachel Notley announced on Tuesday that the province plans to lease 4,4 rail cars to get more oil to foreign markets while the government works to increase pipeline capacity. Story continues below advertisement Shipments are to begin this summer and increase to an estimated 12, barrels of oil per day by 22. Kenney says it’s a reckless “corporate welfare” solution that Alberta can’t afford given its multibillion-dollar deficits and rising debt levels. He says the answer needs to be driven by industry and sound economics, and suggests that private companies will move more oil by rail when it makes sense to d
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CNI
Earnings
- 1/23/24 - Beat
CNI
Sec Filings
- 4/8/24 - Form 6-K
- 4/5/24 - Form EFFECT
- 4/2/24 - Form 6-K
- CNI's page on the SEC website