Canada Transport Board Welcomes U.S. Oil-by-Rail Ideas; Warns Dangers Remain
The independent federal agency, which investigates accidents and makes recommendations but has no regulatory power, assessed U.S. proposals in April on enhanced tanker car standards and a U.S. recommendation in May that railways avoid using old cars to carry volatile Bakken crude.
It marked as “satisfactory in part” the U.S. response to its recommendation that all DOT-111 cars carrying oil and other flammable liquids meet enhanced protection standards. It said until tankers meet or exceed what became known as CPC-1232 standards introduced in 2011, “the risk will remain.”
(Reporting by Randall Palmer; Editing by Lisa Shumaker)
- Travelers Reports Solid Underwriting, Record Investment Income for Q3
- Broad AI Exclusions in Insurance Policies Could Create Uncertainty, Marsh CEO Says
- Florida Congressional Candidate Says Home Ground Wires to Be Replaced After Suit
- KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event