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Image: Joey Podlubny/JWN Justin Trudeau’s government isn’t likely to agree to Alberta’s proposal to buy new trains as a short-term fix to the country’s oil glut and price crisis, federal officials say. Buying new locomotives and rail cars isn’t a short-term fix to the oil crisis in part because it would take at least a year to get the new trains in place, the officials said, speaking on condition of anonymity. While two cautioned that no final decision has been made — with Trudeau visiting the heart of Canada’s oil industry on Thursday — the officials downplayed the chances of buying new trains. Alberta asked a month ago for the federal government to buy more locomotives to boost shipping capacity as it struggles with near-record low prices and a supply glut. Premier Rachel Notley made the request after an Oct. 22 meeting in which some oil executives pushed for a forced cut to production. Trudeau’s energy minister is reviewing the proposal but Notley said Thursday Alberta hasn’t received a reply. Asked if the province would make the purchase on its own, the premier said she’d do “whatever it takes” to increase rail capacity. Federal Finance Minister Bill Morneau signaled […]
