The government announced legislation that’ll enhance railway safety and make the rail industry and crude oil shippers more accountable to Canadians. The new Safe and Accountable Rail Act proposes amendments to the Canada Transportation Act and Railway Safety Act, including:
- A new liability and compensation regime for federally regulated railways, including minimum insurance requirements
- A compensation fund financed by levies on crude oil shippers
- Increased information-sharing provisions
- Stronger oversight powers for the Minister and Transport Canada inspectors.