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In reply to the discussion: Oil Train Safety Megathread. Updated July 30, 2023 [View all]mahatmakanejeeves
(60,942 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 Dakotas 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 Dakotas 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
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Mar 2015
#2
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#22
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#45
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#46
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#52
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#53
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