(Source: Mining.com, November 9, 2020)
VANCOUVER, B.C. — Shipments of crude oil by rail in Canada in 2021 are expected to remain below the peaks of the beginning of 2020, according to a new report by Moody’s Investor’s Service. But reputational and social risks associated with accidents far outweigh the financial risk that shipping crude by rail poses for the two main Canadian rail freight operators, Canadian National Railway and Canadian Pacific Railway, which together move more than 95% of Canada’s crude by rail continue to take steps to improve safety, Moody’s says.
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