Exxon Mobil Corporation (XOM)’s Crude Spill Puts a Bigger Question Mark on Major Pipeline Projects

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Keeping that in mind, TransCanada planned the Keystone oil pipeline project to direct the oversupply to the refineries. But the project carries some environmental threats like that caused by the spillage of heavy crude by Exxon’s pipeline spill.

The Foolish takeaway:

Exxon’s crude spillage is another reminder of the challenges posted by major pipeline projects. The U.S. lawmakers are deciding on whether to give the pipeline projects a go, or to sideline the project on the grounds of its probable environmental effects like that seen in the recent Exxon spillage incident. Only time will tell what effect the incident will have on the Keystone pipeline project. Let’s wait and watch.

Satarupa Bose has no position in any stocks mentioned. The Motley Fool recommends Chevron.

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