Canada oil train tragedy News
U.S. Judge Signs Off on Settlement in Canadian Oil-by-Rail Disaster
A U.S. bankruptcy judge on Friday approved a settlement that clears the way for payments to victims of Canada's Lac-Megantic crude-by-rail derailment, according to the trustee for the insolvent ...
U.S. Railroads May Escape Risky Freight Obligations if They Miss Jan. 1 Safety Deadline
U.S. railroads may not be obligated under federal law to carry freight including crude oil and hazardous materials from Jan. 1 if they fail to meet a year-end deadline for implementing new train ...
Warren Buffett Could Gain From Efforts to Weaken New Train Safety Rule
Billionaire investor Warren Buffett is set to be a chief beneficiary of a bid by Senate Republicans to weaken new regulations to improve train safety in the $2.8 billion crude-by-rail industry, a key ...
Canada Hits Railway With New Charges in 2013 Derailment Disaster
The Canadian government has hit Montreal, Maine & Atlantic Railway Ltd. with fresh charges over a 2013 derailment that killed 47 people. The charges were laid Monday against the company and its ...
U.S. and Canada to Unveil Joint Oil Train Safety Regulations
Canada's transport minister was to be in Washington on May 1 for a joint announcement with her U.S. counterpart aimed at harmonizing safety regulations on shipping crude oil by rail, a politically ...
U.S. Regulators Advocate Oil Train Risk Reduction Measures
Oil train operators must have detailed information on hand about the possible risks of their cargo in case of an accident and perform more thorough checks before moving on the tracks, U.S. ...
Train-Delivered Canadian Crude Oil Shipments Will Need More Insurance
The Canadian government is overhauling its safety rules for crude oil shipments by train, creating a disaster fund and forcing railways to carry more insurance. Oil companies will pay into the fund, ...
Canadian Pacific Railway Backs Shipper Insurance Requirment
Governments should require companies shipping crude oil by rail to carry enough liability insurance to make up for shortfalls in coverage carried by railways, the president of Canada's second-largest ...