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Tag Archives: oil by rail

NY comptroller urges more insurance for rail oil spills

ALBANY, N.Y. (AP) — New York state’s comptroller is urging federal authorities to strengthen safety measures against oil spills and require trains to carry sufficient insurance to cover cleanup costs from major accidents. Comptroller Thomas DiNapoli is administrator of New York’s Oil Spill Fund. He cites a U.S. Transportation Department finding that oil shippers and rail companies carry insurance that ...

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Montana to create rail safety plan after critical audit

HELENA, Mont. (AP) — Montana’s Public Service Commission hopes to come up with a rail safety plan within six months after a report criticized the agency for having never written one, even as the train traffic carrying volatile crude from the Bakken oil patch has increased. The commissioners voted unanimously Tuesday to complete a risk assessment and safety plan by ...

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Report: Human error, defects cause most railway incidents

COLUMBUS, Ohio — Dozens of crude oil-carrying train derailments in recent years have prompted federal regulators to focus on improving the safety of tanker cars, though a newspaper’s analysis of federal records show that track defects and human error are to blame for most incidents. Trains carrying Bakken crude — a type of highly volatile oil — have made safety ...

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States, feds keep train-derailment reports from public

Workers inspect railroad tank cars damaged in a derailment near Alma, Wis., on Nov. 8, 2015. (Image courtesy of the U.S. EPA)

Information that state and federal government agencies collect about train derailments, particularly those that cause crude-oil spills, is hard to find. Huge amounts of data about collisions, derailments and other accidents that happen along railroads in the United States are collected every year. Some of it is compiled by the industry and distributed directly to the public upon request. But ...

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SEC investigating unusual 2012 stock trading at oil train company

A minnesota oil train company is being investigated by the U.S. securities and exchange commission

Federal authorities have been investigating a price spike in the stock in a Minnesota-based oil train loading company after it went public in 2012, resulting in an windfall for investors who held promissory notes with an unusual payout feature. The investigation by the U.S. Securities and Exchange Commission (SEC) is focused on a $9 million loan by several individuals to ...

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Pittsburg: Proposed WesPac oil-by-rail shipping terminal is dead

PITTSBURG — A controversial plan that had generated fierce local opposition to convert a moribund PG&E tank farm into a massive regional oil storage facility is dead after the company proposing the project backed out, company officials confirmed Wednesday. WesPac Midstream LLC’s proposed Pittsburg Terminal Project no longer makes economic sense, a company official said, because of the major drop ...

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Washington pens list of recommendations for oil terminal projects

Aerial view of marine terminals at the Port of Grays Harbor in Washington State. (Image courtesy of Port of Grays Harbor)

A letter from the state Utilities and Transportation Commission to the Department of Ecology outlines a plethora of railroad safety concerns the commission has over the crude-by-rail storage facilities proposed for the Port of Grays Harbor. The letter, dated Nov. 30, came on the final day of the Department of Ecology’s public comment period following the release of the draft ...

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New York State AG pushes for oil train restriction

TICONDEROGA — State Attorney General Eric Schneiderman wants a federal agency to close a loophole that he says allows highly flammable crude oil to be shipped by rail. He filed a petition for rulemaking this week with the federal Pipeline and Hazardous Materials Safety Administration that would require all crude oil transported by rail in the United States to achieve ...

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