Lac Megantic

February 24, 2015, 10am PST
Since the July 2013 derailment and explosion of an oil train in Lac-Mégantic, Quebec* killed 47, Canada has contributed C$155 million toward the rebuilding effort because the railroad's insurance was insufficient.
The Wall Street Journal - Business
December 11, 2014, 10am PST
Bakken crude is considered more volatile than other types of oil, which presents a safety problem when moved by rail. New regulations approved Tuesday require oil producers to separate flammable and volatile liquids prior to shipment by rail.
The New York Times - Energy & Environment
January 8, 2014, 6am PST
Crude oil may be flammable, but until recently was not thought to be explosive. However, three recent oil train explosions all involving crude oil from the Bakken formation have prodded investigators to determine why Bakken crude is more explosive.
The Wall Street Journal - Business
December 12, 2013, 7am PST
With many oil pipelines stalled due to popular opposition and/or regulatory hurdles (e.g. Keystone XL and Northern Gateway, or even refineries opting for more flexibility) there seemed to be no end to the growth in moving oil by rail...until now.
The Wall Street Journal - Business