(Source: Wall Street Journal, February 18, 2014)
NEW YORK — Canadian Pacific Railway Ltd. CEO E. Hunter Harrison is known as a blunt-spoken corporate leader with little patience for protocol. In a speech to the Calgary Chamber of Commerce on Tuesday, he lived up to that reputation, dismissing the calls for tougher regulation that have followed the Lac Megantic derailment last year that led to 47 deaths.
Noting that railways are legally bound to carry all manner of cargo as a “common carrier,” he dismissed notions tougher regulations are needed to prevent disasters like last July’s deadly train accident in Quebec. He placed the blame for the Lac Megantic derailment and explosion of crude oil-filled tanker cars squarely on human error.
Full story: Wall Street Journal