Risk Intelligence Radar: Norfolk Southern Derailment; Arctic Drilling; Sony Antitrust Lawsuit

Highlighting some of the trending risk intelligence themes that Auquan customers are tracking this week.

Norfolk Southern Railway Derailment

A train carrying hazardous materials derailed on February 3 in East Palestine, Ohio, near the Ohio-Pennsylvania border.

  • Five railcars contained vinyl chloride, which authorities burned in an effort to prevent water contamination
  • East Palestine residents who were evacuated are voicing concerns about the health impacts of contaminated air and water
  • The head of the U.S. Environmental Protection Agency Michael Regan, along with elected officials, criticized Norfolk Southern and promised to hold the company accountable.
  • Activists and elected officials have raised questions about safety regulations, including an Obama era rule requiring brake modernization, which the Trump administration eliminated.
  • Another Norfolk Southern train derailed in Southeast Michigan on Thursday
  • Companies Impacted: Norfolk Southern. Potentially other US rail carriers should new regulations result from this incident
  • Highlighted Coverage: Ohio Derailment: Head of EPA Visits East Palestine, But Residents Still Frustrated (New York Times)
  • Highlighted Coverage: Ohio Derailment: Head of EPA Visits East Palestine, But Residents Still Frustrated (Reuters)

ConocoPhillips Arctic Drilling Project

ConocoPhillips' massive Arctic drilling project — Willow Project — is facing a challenge on environmental and biodiversity grounds.

Sony Playstation Antitrust Lawsuit

A group of gamers filed a lawsuit against Sony alleging monopoly practices with the PS Store for the Playstation game console.

While you’re here…

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