Today is the last day to comment on proposed Federal laws that would require the phasing out of certain older train tank cars. The proposed regulations are in reaction to several train derailments and explosions across the U.S. and Canada, one of which killed 47 people in Quebec. The government claims that replacing the older cars, most frequently DOT 111s, will help ensure the safety of oil workers and citizens in transportation areas. The American Petroleum Institute and the Association of American Railroads oppose the two year timeline for replacement. The API in Washington (which represents Chevron and Exxon among others) says that the time and money to do so would “stifle North America’s energy renaissance.”
Read the full story from Insurance Journal here.
Read the Department of Transportation’s materials on the rules here.