US DOT is looking to increase safety of flammable materials sent
by rail -- particularly crude oil and ethanol -- with the issuance
of proposed rulemakings to enhance tank car standards, create a
classification and testing program for mined gases and liquids and
develop new operational requirements for high-hazard flammable
trains. The rulemakings are available for
review and will be open for 60 days of public comment, ending
on September 30, 2014.
Specifically, the rulemakings seek comment on the following
Defining the term "high-hazard flammable train"
Better classification and characterization of mined gases and
Rail routing risk assessment.
Notification to State Emergency Response Commissions.
Reduced operating speeds.
Enhanced standards for both new and existing tank cars.
The Pipeline and Hazardous Materials Safety Administration also
released a report on Bakken crude oil, finding that it tends to be
more volatile and flammable than other crude oils, presenting a
potential transport safety risk.
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The emerging trend of energy private equity ("EPE") funds is revolutionizing the renewable energy field, as renewable energy joins leveraged buyouts, venture capital and hedge funds as asset classes that institutional investors and high net worth investors are using to deploy their capital in a diversified manner, with the added "social good" of investing in a sustainable energy future.
Late last month, the Federal Energy Regulatory Commission (FERC) updated its 2002 guidance documents on how to prepare resource reports and demonstrate compliance with certain regulatory requirements...
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