By The Canadian Press, CBC News Calgary; January 26, 2018
Canadian Pacific Railway is asking crude-by-rail shippers to sign multi-year, take-or-pay contracts that guarantee minimum volumes before it will assign locomotives and crews to help move a backlog of oilsands crude out of Western Canada.
Chief financial officer Nadeem Velani says the railway wants its customers to have significant “skin in the game” before it commits to the costs involved in scaling up its oil-shipping capacity.
Click here to read the full story.