Transport committee  Thank you, Mr. Chairman. Thank you to the committee for the opportunity to present to you here today. Transportation safety is a top priority for Canada's chemistry industry. Our member companies support this committee's review of rail safety and safety management systems, as w

Transport committee  It's something we're currently preparing, and we'd be willing to share it with you when we have that available.

Transport committee  Or it's going to the shareholders.

Transport committee  We don't believe so, but we think it should. It should be used to fund future liabilities and not go to the shareholders.

Transport committee  That is correct.

Transport committee  We've supported that view. We made a submission to the Canadian Transportation Agency earlier this year on third-party liability insurance requirements. It's clear that the short lines cannot insure to the level that the class I railways can. We suggested some kind of pooling. We

Transport committee  One thing we haven't talked about here is self-insurance. The two major railways in Canada have significant amounts of self-insurance, $1.2 billion to $1.5 billion. Our member companies, too, self-insure to a certain extent. These rate premiums we've been paying have gone into wh

Transport committee  Exactly. But there has to be a solution, and there needs to be one found, absolutely.

Transport committee  There's the receiver in there, too, right?

Transport committee  I could reply in French, but I will reply in English so that everyone understands. Yes, we would love to see more people become part of the responsible care program. We did have a TransCAER event out west, I think about a month ago. We had the petroleum people attend, so I think

Transport committee  That's also, I guess, because about 80% of our shipments do go to the U.S.

Transport committee  As I mentioned earlier, our responsible care program is a continual improvement SMS system. We believe, yes, the focus should be on prevention. Insurance is your last line of defence, and there could be improvements, we believe, on the safety side that need to be looked at. But a

Transport committee  Same here. We either own them or lease them. We support any safer standard, but we want certainty and the issue right now is that there is no new standard yet to look at investment decisions around retrofitting and buying new cars. We need that first to really have a good analysi

Transport committee  I'll answer in English.

Transport committee  Well, I think that would be the way you would have it recognized as a standard, yes.