TORONTO (AP) — The law firm representing the families of 47 people killed in the 2013 Quebec train crash said it has received a financial proposal that would see them split US$61 million in compensation.
Chicago-based law firm Meyers & Flowers said it will be closely reviewing the settlement to determine whether the defendants are paying sufficient funds.
BISMARCK, N.D. (AP) — Following a spate of explosive accidents involving North Dakota crude, the state began requiring companies on Wednesday to remove certain liquids and gases from oil before it's loaded onto rail cars — a move industry and state regulators believe will make for safer shipments.
The rules, developed over the past year, require all crude from the state's oil patch to be treated by heat or by pressure to reduce its volatility before being loaded onto train cars.
TIRANA, Albania (AP) — Albanian authorities are evacuating residents of a village following an explosion at a Canadian-owned oil well. No injuries were reported.
A statement from the Calgary-based Bankers Petroleum Ltd. said an "uncontrolled leak of natural gas occurred during drilling operation" Wednesday in Marinze, 130 kilometers (80 miles) south of the capital Tirana.
Four Senate Democrats proposed Wednesday that many of the railroad cars that carry crude oil be taken out of service immediately, that new cars be required to have electronically-controlled pneumatic brakes, and that there be new rules requiring that crude be made less volatile before shipment.
The proposal would immediately pull about 37,000 tanker cars from service as a "market signal" to get safer tankers manufactured, the senators said. The oil and rail industries were quick to raise doubts about the proposal.
The nuclear industry believes the six percent output from nuclear plants that could be credited towards emissions reduction goals under the Environmental Protection Agency’s Clean Power Plan is an arbitrary number that should be changed, The Hill reports.
Gains in the dollar were putting pressure on oil prices early Monday, despite continued fighting in Yemen. U.S. benchmark crude was down 33 cents to $56.82 a barrel in electronic trading on the Nymex, while in London Brent lost 47 cents to $64.81 a barrel, Reuters reports.
Antitrust charges filed by Michigan Attorney General Bill Schuette against Chesapeake Energy Corp., as well as allegations the company misled landowners over leases, will be settled by a $25 million payment, The Wall Street Journal reports.
Santa Catalina Island is sinking slowly and gradually, according to a study from a Stanford University researcher, who also suggests that the situation could pose a tsunami threat for the Los Angeles area in the far distant future, the Los Angeles Times reports.