Big fire and explosion in Canada

[notyoueither]

Looks like CPR could be on the hook for part of this.

http://news.nationalpost.com/2013/08/15/quebec-demands-cp-rail-help-pay-for-multi-million-dollar-cleanup-after-tragic-train-disaster-in-lac-megantic/

CPR (TSE:CP) was included as one of the defendants because, the government said Wednesday, it was the main contractor responsible for the fateful shipment that was supposed to send the cargo from North Dakota to a New Brunswick oil refinery.

It handed off the train in Montreal to the smaller Montreal, Maine & Atlantic Railway Ltd., which then operated the tanker train that jumped the tracks in Lac-Megantic on July 6.

[H Tower]

Looks like CPR could be on the hook for part of this.

http://news.nationalpost.com/2013/08/15/quebec-demands-cp-rail-help-pay-for-multi-million-dollar-cleanup-after-tragic-train-disaster-in-lac-megantic/

CPR (TSE:CP) was included as one of the defendants because, the government said Wednesday, it was the main contractor responsible for the fateful shipment that was supposed to send the cargo from North Dakota to a New Brunswick oil refinery.

It handed off the train in Montreal to the smaller Montreal, Maine & Atlantic Railway Ltd., which then operated the tanker train that jumped the tracks in Lac-Megantic on July 6.

And now the entire railroad industry is going to be filing motions related to this. Being able to hand off cargo midway through a rail shipment is hugely important for the railroads since they do not go literally everywhere. Being responsible for what another railroad does with the shipment after it is handed off would open railroads to huge liability issues.