Home › Buffett may benefit as train lobby bids to weaken safety rule
 

Keywords :   


Buffett may benefit as train lobby bids to weaken safety rule

2015-07-14 08:27:53| Railroads - Topix.net

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 cog in the development of the vast North American shale oil fields. A series of oil train accidents, including the July 2013 explosion of a train carrying crude in Lac-Megantic, Quebec, that killed 47 people, led U.S. and Canadian regulators to announce sweeping safety rules in May. Among other things, U.S. oil trains are required to install new electronically controlled pneumatic brakes.

Tags: safety benefit rule train

Category:Transportation and Logistics

Latest from this category

All news
27.09Hurricane Isaac Graphics
27.09Remnants of John Graphics
27.09Remnants of John Forecast Discussion Number 20
27.09Summary for Remnants of John (EP5/EP102024)
27.09Remnants of John Public Advisory Number 20
27.09Remnants of John Wind Speed Probabilities Number 20
27.09Tropical Storm Joyce Graphics
27.09Remnants of John Forecast Advisory Number 20
Transportation and Logistics »
27.09Washington Corner | September 2024
27.09Hurricane Isaac Graphics
27.09Remnants of John Graphics
27.09Remnants of John Forecast Discussion Number 20
27.09Remnants of John Wind Speed Probabilities Number 20
27.09Remnants of John Public Advisory Number 20
27.09Summary for Remnants of John (EP5/EP102024)
27.09Tropical Storm Joyce Graphics
More »