Joe Biden plans to make good on his promise to phase-out fossil fuels. Reportedly, he will cancel the permit for the Keystone XL pipeline on his first day as president. The proposed pipeline would be an additional conduit for as much as 830,000 barrels of oil per day from Alberta’s oils sands into the U.
Long before there was Big Tech or Big Pharma there was Big Rail — and with it a series of regulations intended to tame the once-dominant industry. More than 100 years later, rail advocates argue, the remnants of that regulatory legacy is endangering the ability of the industry to access the capital it needs to