Enough private companies want to buy TransCanada’s crude oil to bring the energy company’s notorious Keystone XL Pipeline closer to reality.
On Monday, the Keystone XL Pipeline took one big leap toward becoming a reality—less than a week after developer TransCanada discovered a massive leak in its nearby Keystone Pipeline, which spewed at least 210,000 gallons of crude oil onto South Dakota agricultural lands.
On Thursday morning, the Keystone Pipeline spilled about 5,000 barrels, or 210,000 gallons, of crude oil in Amherst, South Dakota. The pipeline has been shut down as operator TransCanada investigates the incident.
Transcanada, the company behind the controversial Keystone XL oil pipeline, announced on Thursday that it was canceling two upcoming construction projects—the Energy East pipeline and the Eastern Mainline gas pipeline—that had been set to snake across Canada, carrying oil and gas from Alberta to several eastern…