Article content

Even as the town of Lac-Mégantic picks up the pieces after a fatal disaster involving oil-laden trains, there are few signs the crude-by-rail expansion will start to slow.

[np_storybar title=”One accident not enough to condemn oil transport by rail” link=”http://business.financialpost.com/2013/07/08/one-accident-not-enough-to-condemn-oil-transport-by-rail/?__lsa=f3e2-18d7″]Every fatal accident is a terrible tragedy, prompting searching questions about how it could have happened and whether more could have been done to prevent the loss of life.

We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or Oil by rail: Canada's way out west? Back to video

The fireball that engulfed the Quebec town of Lac-Megantic after a runaway train derailed and exploded in the middle of the night is already stirring a debate about the safety of shipping crude oil and petroleum products by rail.

[/np_storybar]

In fact, rail is finding new pockets of opportunities and may even facilitate the transfer of Canadian crude to Asian markets – if regulations allow.