The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Shipments of crude and fuel oil by rail tumbled nearly 11 per cent in July, to 11,920 cars from 13,339 in June.
Shipments of crude and fuel oil by rail tumbled nearly 11 per cent in July, to 11,920 cars from 13,339 in June.
(DARRYL DYCK FOR THE GLOBE AND MAIL)

Oil by rail safety tied to CEO pay, but little transparency

Most of Canada’s largest companies involved in shipping oil by rail have linked CEO pay in some way to safety metrics, but many disclose little specific information to their shareholders about how the link works.

The Shareholder Association for Research and Education (SHARE), a Vancouver-based shareholder advocacy group, issued a report Thursday examining corporate governance oversight of rail safety in light of the fatal Lac-Mégantic train derailment, saying it was disappointed that many companies are not addressing the risks more powerfully at the board level.