Canadian Pacific Railway Limited (USA) (CP), TransCanada Corporation (USA) (TRP): Hazards of Oil Transportation Highlighted by Recent Explosion

Page 2 of 2

The International Energy Agency released a study in May finding that over a recent eight-year period, trains were more likely than pipelines to experience accidents, but breached pipelines spilled three times as much crude as trains.

For the time being, rail remains a critical bridge over the gaps in pipeline infrastructure. However, incidents like the devastation in Lac-Mégantic demonstrate that it’s in everyone’s interest to get a lot more serious about safety. The entire industry — from producers to transport operators — needs to turn its ingenuity and investment firmly toward securing crude cargo. Otherwise, it risks undermining this vital growth engine, and causing even more human suffering.

The article Hazards of Oil Transportation Highlighted by Recent Explosion originally appeared on Fool.com is written by Sara Murphy.

Sara Murphy has no position in any stocks mentioned. Follow her on Twitter @SMurphSmiles. The Motley Fool has no position in any of the stocks mentioned.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Page 2 of 2