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SALT LAKE CITY (AP) — A Texas oil company has put its plans for a 135-mile oil pipeline in Utah on indefinite hold, citing unfavorable market conditions.
Tesoro Corp. based in San Antonio had sought to build the pipeline to carry crude oil from the Uinta Basin to Salt Lake City refineries.
But the company says last year's plunge in oil prices has added uncertainty about the economics of shipping oil through the proposed Uinta Express Pipeline.
Project spokeswoman Cindy Gubler told the Deseret News (http://bit.ly/1cj84pD ) the extensive work already done on it leaves the proposal on the table should market conditions improve.
The Sierra Club joined other conservation groups in opposing the pipeline, saying it would mean more air pollution and risks to the environment.
Summit County officials also expressed concern over its impact on rivers and wetlands.
Information from: Deseret News, http://www.deseretnews.com
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