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Economy
In reply to the discussion: Oil Train Safety Megathread. Updated July 30, 2023 [View all]
mahatmakanejeeves
(60,962 posts)38. Oil train safety concerns cast shadow over cross-border rail deal
Business
November 30, 2015
Oil train safety concerns cast shadow over cross-border rail deal
By Curtis Tate
ctate@mcclatchydc.com
WATERTOWN, Wis. – Concerns about the safety of crude oil trains loom over a proposed rail takeover that would create the largest rail system in North America.
Earlier this month, Alberta-based Canadian Pacific made public its plan to acquire Virginia-based Norfolk Southern. The $28.4 billion deal would need to be approved by company shareholders and federal regulators, a process that could take at least 18 months.
The railroads are key players in the transportation of crude oil from North Dakota’s Bakken shale region to East Coast refineries. Currently, Canadian Pacific transfers the shipments to Norfolk Southern at Chicago. The combined company could offer a seamless path the entire distance to the East Coast.
Though both companies have so far escaped the most serious crude by rail incidents involving spills, fires and mass evacuations, they are likely to face fresh scrutiny of their safety practices and relationships with communities if they agree to a deal.
November 30, 2015
Oil train safety concerns cast shadow over cross-border rail deal
By Curtis Tate
ctate@mcclatchydc.com
WATERTOWN, Wis. – Concerns about the safety of crude oil trains loom over a proposed rail takeover that would create the largest rail system in North America.
Earlier this month, Alberta-based Canadian Pacific made public its plan to acquire Virginia-based Norfolk Southern. The $28.4 billion deal would need to be approved by company shareholders and federal regulators, a process that could take at least 18 months.
The railroads are key players in the transportation of crude oil from North Dakota’s Bakken shale region to East Coast refineries. Currently, Canadian Pacific transfers the shipments to Norfolk Southern at Chicago. The combined company could offer a seamless path the entire distance to the East Coast.
Though both companies have so far escaped the most serious crude by rail incidents involving spills, fires and mass evacuations, they are likely to face fresh scrutiny of their safety practices and relationships with communities if they agree to a deal.
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The stuff was getting scattered. I was impressed by progree's analysis
mahatmakanejeeves
Mar 2015
#2
One year after Lynchburg train wreck, booming Bakken still fuels concerns
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Apr 2015
#12
EIA: Rail delivered 52 percent of East Coast refinery supply in February
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May 2015
#14
FRA freezes on tank car sloshing; DOE oil volatility bombshell drops like a dud
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May 2015
#20
Vancouver (Washington) Columbian Three-Part Series About Port Oil Terminal Deal
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May 2015
#22
UW-Madison researchers hope frac-sand impact study will help railroads improve ballast maintenance
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Jun 2015
#26
Canadian Pacific asks judge not to approve Lac-Megantic derailment settlement
mahatmakanejeeves
Jun 2015
#29
FRA Announces Final Rule to Prevent Unattended Trains from Rolling Away
mahatmakanejeeves
Aug 2015
#32
Federal Railroad Administration to RRs: Notification of Crude Oil Trains to States Must Continue
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Aug 2015
#33
Officials: Broken rail missed on 2 inspections caused fiery West Va. train derailment
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#34
Federal Railroad Administration Issues Final Rule to Improve Rail Flaw Detection {January 2014}
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#36
Washington state transportation commission adopts crude-by-rail safety rules
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Feb 2016
#45
NTSB report: Broken rail likely caused 2014 Lynchburg train derailment
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Mar 2016
#46
Minnesota legislators want railroads to open books on emergency response
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Apr 2016
#47
Oil-by-rail safety concerns likely to reignite after Oregon derailment
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Jun 2016
#49
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Oct 2016
#51
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Mar 2017
#52
Wilmington News Journal - Delaware Online: Rail safety questioned as fuel shipments likely to go up
mahatmakanejeeves
May 2017
#53
National Academy Study Touts Oil-by-Rail Safety But Supports Weakening Regulations
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Nov 2017
#55
Tar Sands Crude Shipments Quietly Increased In Oregon, With Regulators In the Dark
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Apr 2019
#66
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Aug 2019
#67
BNSF says it can handle more crude-by-rail shipments if Dakota pipeline is shut
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Apr 2021
#70
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Jul 2023
#74
6 months after the East Palestine train derailment, Congress is deadlocked on new rules for safety
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Aug 2023
#76