Crude by rail should be "in the hands of the private sector," Alberta officials say.Photo – CN
The Alberta Petroleum Marketing Commission has contracted CIBC Capital Markets to help oversee the divestment of the province's crude-by-rail program and the transition of that business to the private sector.
Although the future of crude by rail in Alberta is "very bright," that business will continue to grow without government interference, said Alberta Minister of Energy Sonya Savage in a statement issued late last week.
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