Canada: Riding the risky rails

Moody’s warns CBR ‘reputational and social risks’ outweigh financial risks, notes improving safety; two derailments within weeks

Gary Park

for Petroleum News

Just as Keystone XL was added to the growing stack of oil pipeline cancellations, motivating Western Canada’s oil producers to shift their attention back to shipping crude by rail, CBR, Moody’s Investors Service unloaded a tankerload of gloom. The financial services giant forecast that 2021 CBR ship....

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CBR derailments