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Transport committee  I want to be very clear that all of the points on the current safety regime are being covered. What we're suggesting is there need to be enhancements to that to make sure we prevent any future incidents and can get to the maximum amount of safety that can be there. That's not t

April 10th, 2014Committee meeting

Greg Stringham

Transport committee  No, as I said originally, right now about 95% of the product that we move on the oil side is moving by pipeline. Rail is relatively new and as we look at new pipelines across Canada and into our key markets, that will continue to be the main form. Rail is going into different are

April 10th, 2014Committee meeting

Greg Stringham

Transport committee  I can start with that. As we take a look at the full chain, from the production facilities all the way down to when it ends up in the market itself, we've looked at the safety incidents that happen along the way generally but not specifically. Wherever there is a transfer point,

April 10th, 2014Committee meeting

Greg Stringham

Transport committee  When our members are looking at the transportation of this, they rely on the transportation companies to put it in the locations that are most appropriate. Again, as Mr. Pryce said earlier, we believe that those need to be assessed and looked at if they are being done in places

April 10th, 2014Committee meeting

Greg Stringham

Transport committee  From my perspective, we take a look at what's happening to the development of the oil and gas industry. You cited several of the proposed loading terminals on rail. Rail is becoming the larger portion of our sector. I mean, you have to put that into the context that we're actuall

April 10th, 2014Committee meeting

Greg Stringham

Transport committee  In plain English, as we look at the social licence that the industry needs to have in order to develop the Canadian resources, I think it means two main things. One is whether it is being done in an environmentally and responsible and safe manner, and two, what the benefits are t

April 10th, 2014Committee meeting

Greg Stringham

Transport committee  Chair, as we've been looking at this plan again, we want to be very clear, to answer your question, that this is something we're proposing would become part of the regulation overall, so it applies to everyone. From that perspective, we will be putting the details of that plan do

April 10th, 2014Committee meeting

Greg Stringham

Transport committee  I would just add that when we're looking at this, the insurance model on the main lines and the hybrid model of having a pooled fund for the small lines are designed specifically to address the question you just raised. The funds for the pooled funds that would be there would com

April 10th, 2014Committee meeting

Greg Stringham

Transport committee  I can add to that, Ms. Young. As we look at this, we're really trying to take the best of the operations, of what's happening in the marine model. It's already well established. Again, it is a dollar-per-volume measure, so a dollar per barrel, or a dollar per gallon, whatever i

April 10th, 2014Committee meeting

Greg Stringham

Transport committee  Yes, I can answer that. From that perspective it is commercial. It is not a common carrier. The closest model to that would be the pipeline model where they do take the crude oil as it's given to them as well. But on the marine side it's a commercial side of things, and of cours

April 10th, 2014Committee meeting

Greg Stringham

Transport committee  I can answer that. As you know, ships carry their own liability for shipping insurance. They have a limit to that, and that's where the fund comes in that we can draw on from this perspective. It's very similar to the hybrid model we're proposing on the rail side of things, wher

April 10th, 2014Committee meeting

Greg Stringham

Transport committee  Yes, I'll conclude that. We're proposing the hybrid model. We believe the insurance model is sufficient for the main line but not for the smaller companies. As we look at that insurance model, only a certain amount of insurance can be acquired jointly, whether it be by us or whe

April 10th, 2014Committee meeting

Greg Stringham

Transport committee  Sure, I'm happy to add to that one. As you know the new DOT-111s, or as we've been referring to them, the 1232 cars, are the standard that's in place right now, that are being ordered. They're the newer standard. There is some discussion in the United States with the PHMSA, Pipe

April 10th, 2014Committee meeting

Greg Stringham

Transport committee  As I explained earlier, on the crude oil side of the business, the oil price is set on a world market basis and it's come back to this. Those facilities will come back out of the net back that would go back to the producer. It's a transportation cost that will be built into the f

April 10th, 2014Committee meeting

Greg Stringham

Transport committee  Sure, I can certainly continue on with that. That is the purpose of the hybrid proposal that we have. In our discussion, we believe that the insurance model for the main-line systems can be put in place to be sufficient, to be able to handle those types of incidents. That's our

April 10th, 2014Committee meeting

Greg Stringham