Replies to post #3851 on Oil & Gas - Energy - Commodities - Resources (OILBRENT)

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$ANDV Andeavor (NYSE:ANDV) and Savage Cos. say they have ended their attempt to build a crude-by-rail-terminal at the Port of Vancouver, Wash.

The project effectively was killed on Jan. 28 when Washington Gov. Inslee approved a state board’s recommendation denying a permit to build the terminal, which would have transferred 11M barrels of oil per month from the midwest U.S. from trains to tankers at the Port of Vancouver.

Opponents who fought the project said the terminal increased the risk of oil spills and deadly explosions, and that trains carrying crude oil along the Columbia River valley placed the waterway in danger.

ANDV booked a $40M asset impairment charge in Q4 2017 related to the project.