U.S. federal regulators have mandated that South Bow, the operator of the Keystone Pipeline, implement several corrective measures following a rupture that resulted in the spillage of over 556,000 litres of oil onto farmland in North Dakota. The incident occurred on April 8, 2025, near Fort Ransom. South Bow is optimistic about resuming operations within the next few days after addressing the regulatory requirements.
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Trump could crush Canada's softwood exports. Here's how a new crisis could play out
Canadian exporters face rising anxiety as the U.S. threatens to significantly increase softwood lumber duties, potentially from 14% to 34%, amid a national security investigation. While Canadian firms, like Canfor, brace for higher tariffs, they have expanded production capacity in the U.S. to mitigate risks, but American producers seek to limit Canada's market share further and push for tariffs that could bolster U.S. production. Explain It To Me Like I'm 5: The ongoing trade tensions...
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