RE:Maine - imports okay exports badSU is a dinosaur state owned company by proxy and have so much risk with tailings lake the size of some countries and extreme pipeline risk. No wonders all foreign capital fled, except money laundering of course LoL.
autofocus111 wrote: This is the pipeline SU planned to use to import oil and mitigate a potential shutdown of ENB's Line 5. But for years they've been looking to reverse flows to export crude. Seems SU wants it both ways (or maybe they just don't know what they want any more).
>>>In a brief filed with the U.S. First Circuit Court of Appeals on Monday, the federal government said that a South Portland ordinance that would effectively prevent crude exports by prohibiting the transfer of crude onto marine vessels isn’t preempted by federal laws. The picturesque city on the Atlantic is the injection point for a seldom-used, World War II-era oil pipeline that carries crude from the Maine coast to Montreal-area refineries. The Portland Pipe Line Corp, currently exclusively owned by Suncor Energy Inc., has been trying to reverse it for more than a decade so it can export Canadian crude to foreign markets. But the city seeks to prevent the reversal amid concerns exporting crude oil would threaten waterways and air quality.
https://finance.yahoo.com/news/biden-backs-maine-town-saying-213353313.html