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| Economy |
| Why did a Train Carrying Biofuel Cross the Border 24 Times and Never Unload? |
| 2013-01-02 |
| Posted by:tipper |
| #5 If you read the article - each time the train crossed the border it generated energy credits in the EPA which they can sell to companies who don't make the arbitrary EPA limits. Money for nothing. |
| Posted by: CrazyFool 2013-01-02 22:53 |
| #4 The companies “made several million dollars importing and exporting the fuel to exploit a loophole in a U.S. green energy program.” Not mega-stupid at all. Just playing the game - according to the foo'ed up rules some bureaucrats/legislators set up. Enron did the same thing in California, selling power across the state border and buying it back. |
| Posted by: SteveS 2013-01-02 22:50 |
| #3 Q: "Why did the train....cross the border...?" A: Because they were non-union and the non-flying egg-laying poulty local had all the roads under a no-compete contract. |
| Posted by: USN,Ret. 2013-01-02 22:21 |
| #2 CN Rail, the operator of the train, stated their innocence in the matter as they had only “received shipping directions from the customer, which, under law, it has an obligation to meet. CN discharged its obligations with respect to those movements in strict compliance with its obligations as a common carrier, and was compensated accordingly.” Even so, they still managed to earn C$2.6 million in shipping fees. CN recently changed management and its board of directors after a proxy battle. The new CN regime is more 'aggressively earnings oriented'. Obviously. |
| Posted by: Pappy 2013-01-02 20:25 |
| #1 OOH, wow. Mega stupids. |
| Posted by: tfsm sorta on the road 2013-01-02 19:02 |