Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
 December 15, 2015 - 9:10 AM EST
Print Email Article Font Down Font Up
Report finds comparable safety records for railways and pipelines moving crude oil

Report finds comparable safety records for railways and pipelines moving crude oil

Canada NewsWire

OTTAWA, Dec.15, 2015 /CNW Telbec/ - Railways and pipelines are equally safe means of transporting crude oil, according to a report comparing safety data for each mode. The report – Canadian Crude Oil Transportation: Comparing the Safety of Pipelines and Railwayswas published by consultant group Oliver Wyman last month, and was commissioned by the Railway Association of Canada (RAC).

The report found that between 2012 and 2014, Canadian pipelines and Class I railways together transported 252.7 billion gallons of crude oil, and 99.9997 per cent of that was delivered safely without spillage.

It also assessed the movement of dangerous goods by rail from 2004 to 2014, and concluded that railways and pipelines have equally strong safety records.

 "As Canada's crude oil production grows, railways will continue to be a safe, complementary option to pipelines," said RAC President and CEO, Michael Bourque. "Our goal is obviously not to replace pipelines as a way to move energy products, but rather, to work collaboratively and be a complement to move these essential goods without incident."

As new sources of Canadian oil production became available in 2012, the amount of crude transported by rail began to grow, out of a need to connect oil fields with refineries in regions where pipelines were either not present or lacked sufficient capacity.

Under the common carrier obligation of the Canada Transportation Act, railways in Canada are required by law to move dangerous goods, including crude oil. Over many years, the railway industry has developed a strong safety record thanks to robust investments – more than $15 billion in infrastructure and technology alone since 2004 – and a commitment to fostering a robust safety culture.

About the Railway Association of Canada

The Railway Association of Canada (RAC) represents more than 50 freight and passenger railway companies that move 75 million people and $280 billion worth of goods in Canada annually. As the voice of Canada's railway industry, RAC advocates on behalf of its members and associate members to ensure that the rail sector remains globally competitive, sustainable, and most importantly, safe. Learn more at Connect with us on Twitter, Facebook and LinkedIn.



Alex Paterson, Railway Association of Canada, 613-564-8111, alexp@railcan.caCopyright CNW Group 2015

Source: Canada Newswire (December 15, 2015 - 9:10 AM EST)

News by QuoteMedia