The chief executive of Canadian Pacific Railway Ltd. says he fears terrorism more than derailments and believes that notifying public officials of dangerous-goods shipments may increase the risk of attacks.
“I will notify every public official every day of what’s on that train if they want to know it,” Hunter Harrison said Monday in a speech to the Canadian Club of Toronto.
“But if you sit back and think about third-party intervention … and you want to give someone the opportunity to break that custody chain and look at the list and say, ‘Here’s what that car’s got in it and here’s the location and here’s all the bad things I could do’ — I don’t think we want that.”
Mr. Harrison told reporters after his speech that he fears terrorism more than derailments “because it can be planned to do the worst possible damage.”
Following the Lac-Mégantic disaster in 2013, Transport Canada introduced new regulations that require Class 1 railways, including CP and Canadian National Railway Co., to provide a quarterly breakdown of the nature and volume of dangerous goods they transport through each municipality. Some critics have said even more disclosure should be required.
Mr. Harrison has long been a vocal opponent of government intervention in the rail industry.
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