Warren Buffett Company Agrees to Pull Railroad Cars from Adirondacks
New York Governor Andrew Cuomo lauds Union Tank Car for doing the right thing after it decides to remove stored oil tankers from park.
New York Governor Andrew Cuomo is applauding Union Tank Car Co. for doing "the right thing" and agreeing to pull its oil tanker railroad cars out of storage in the Adirondacks.
"The Adirondack Park is one of New York's great natural jewels and a driver of the North Country's economy, and never should have been used as a glorified junk yard [sic]," Cuomo said Tuesday in a statement.
The Democrat reacted to an agreement by the rail company, part of billionaire investor Warren Buffett's Berkshire Hathaway's holdings, to remove 65 tankers now stored on the Saratoga and North Creek Railway line by mid-January. Iowa Pacific Holdings owns the line and was being paid a fee by Union Tank Car Co. to allow its cars to be stored on the line.
"As we have previously explained, all railcar owners store idle railcars from time to time until they can be returned to active service," William Constantino, general manager for leasing at Union Tank Car Co., said, according to published accounts. "We select the storage provider, but not the precise storage location. We regret the railroad's decision to place some of our railcars in the Adirondack Park, which raised public concern about their effect on the park's beauty and environment."
Last week, Cuomo voiced opposition to Iowa Pacific’s plan to store as many as 2,000 crude oil tankers in the forest on lines it controls.
The governor's call was praised by environmentalists, who commended Cuomo and Buffett's company for supporting efforts to preserve the park and forest preserves while bashing Iowa Pacific for its willingness to harm the area's natural beauty in order to make a profit.
- RELATEDFederal Investigators Release Info. on Deadly Amtrak DerailmentNTSB offers initial details from probe as Seattle newspaper reports Amtrak crews worried about training on new route.READ NOW
- RELATEDWarren Buffett Says Self-Driving Cars Could Hurt Auto InsurersThe Berkshire Hathaway boss believes self-driving cars could spell big trouble for insurance companies.READ NOW
- RELATEDJapanese Rail Company Apologizes After Train Leaves 20 Seconds Early"We sincerely apologize for the inconvenience caused to you" for the train's premature departure, Tsukuba Express said in an official statement.READ NOW