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SANTA FE, N.M. (AP) - A Canadian man pleaded guilty Thursday to a federal terrorism charge for plotting to blow up the Trans-Alaska oil pipeline in 2000.
Prosecutors say Alfred Heinz Reumayr wanted to drive up the price of oil in order to profit from the sale of oil and gas futures he had planned to purchase. The plot was broken up after a co-conspirator went to federal authorities.
Reumayr, 58, of New Westminster, British Columbia, pleaded guilty to one count of terrorism transcending national boundaries in an agreement with prosecutors accepted Thursday by U.S. District Judge Bruce Black. He faces 13 years in prison; his lawyer said the sentencing hearing could be held this summer.
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