Tue, Sep 2, 2014, 6:20 AM EDT - U.S. Markets open in 3 hrs 10 mins

Recent

% | $
Quotes you view appear here for quick access.

Exxon Mobil Corporation Message Board

  • bluecheese4u bluecheese4u Apr 3, 2013 10:32 AM Flag

    Pipeline Spills Stir New Criticism of Keystone Plan

    Pipeline Spills Stir New Criticism of Keystone Plan

    By DAN FROSCH
    Published: April 2, 2013

    Two recent oil pipeline spills have prompted new criticism from opponents of the proposed Keystone XL project, while raising more questions about whether the federal government is adequately monitoring the nation’s vast labyrinth of pipelines.

    An Exxon Mobil pipeline ruptured in central Arkansas on Friday, leaving a sheen of oil on nearby streets and causing the evacuation of 22 homes in the small town of Mayflower.

    Exxon Mobil said its Pegasus Line, which runs from Patoka, Ill., to Nederland, Tex., was carrying heavy crude from western Canada when the spill occurred. On Tuesday, Attorney General Dustin McDaniel of Arkansas announced that he was opening an investigation into the spill, and he asked Exxon to preserve all documents related to the accident.

    Opponents of the Keystone XL pipeline, which would also move heavy Canadian crude, leapt on the Exxon spill, reiterating their contention that crude drawn from Canada’s tar sands region is too risky to transport and especially vexing to clean up.

    “What we’ve got here is a small example of the type of risks associated with a tar sands pipeline,” said Anthony Swift, a lawyer with the Natural Resources Defense Council, one of many environmental groups fighting the pipeline proposal, which is awaiting State Department approval. “It also demonstrates the large gaps in pipeline safety.”

    On Tuesday, vacuum trucks and crews were still working to clean up the accident, which the Environmental Protection Agency called a “major spill.” While it was unclear how much oil had leaked, Exxon Mobil said it had recovered thousands of gallons of oil mixed with water and had prepared for a spill as large as 420,000 gallons, though it said it believed that the amount released was smaller.

    “Our focus is on the

    nytimesDOTcom/2013/04/03/us/pipeline-spills-stir-new-criticism-of-keystone-proposal.html?_r=0

 
XOM
99.46-0.11(-0.11%)Aug 29 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Exelixis, Inc.
NasdaqGSFri, Aug 29, 2014 4:00 PM EDT
Criteo SA
NasdaqGSFri, Aug 29, 2014 4:00 PM EDT