Enbridge Inc (USA) (ENB): Are Canadian Oil Sands More Prone to Disastrous Spills?

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The bottom line
All told, while the NRC studies results suggest that bituminous crude oil is no more prone to spills than other types of crude oil, it doesn’t say anything about the environmental impact of dilbit crude spills. In my view, this is something that deserves further analysis.

While environmentalists and climate-change groups are sure to be dismayed by the study’s results, the committee’s findings are good news for TransCanada Corporation (USA) (NYSE:TRP), which is seeking U.S. federal approval to construct the northern portion of its Keystone XL pipeline.

President Obama is widely expected to approve the pipeline this summer, though he added that he would greenlight the project only if  it “does not significantly exacerbate the problem of carbon pollution.”

The article Are Canadian Oil Sands More Prone to Disastrous Spills? originally appeared on Fool.com.

Fool contributor Arjun Sreekumar and The Motley Fool have no position in any of the stocks mentioned.

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