Both Canadian National and CPKC haul significant amounts of crude and NGLs as part of their normal cargo. (Source: Shutterstock)
Canada Railway workers are nearing the end of a second vote in favor of a strike after the Canadian government put a hold on a planned walkout in May.
“It is clear we cannot rely on a timely conclusion to these unfortunate circumstances and must protect our rights regardless of outcome,” the Teamsters Canada Rail Conference said in a press release.
Since the beginning of 2024, the union has been unsuccessfully negotiating with Canadian railway companies Canadian National Railway and Canadian Pacific Kansas City (CPKC) for higher pay and changes to worker scheduling for safety concerns. Union members approved a strike at the beginning of May, which was to go into effect on May 21.
Both Canadian National and CPKC haul significant amounts of crude and NGLs as part of their normal cargo.
The Canadian Labor Ministry deferred the strike’s start date and sent the issue to be reviewed for safety considerations by the Canada Industrial Relations Board (CIRB). The move caused an indefinite delay on a strike until the CIRB issues a decision on the potential impacts on the country’s safety.
The second vote is a procedural move, according to the union's statement, as a strike authorization from a workers’ vote expires after 60 days, according to Canadian labor laws.
Recommended Reading
E&P Highlights: Oct. 7, 2024
2024-10-07 - Here’s a roundup of the latest E&P headlines, including a major announcement from BP and large contracts in the Middle East.
Permian Resources Closes $820MM Bolt-on of Oxy’s Delaware Assets
2024-09-17 - The Permian Resources acquisition includes about 29,500 net acres, 9,900 net royalty acres and average production of 15,000 boe/d from Occidental Petroleum’s assets in Reeves County, Texas.
Crackin’ It at Kraken: Inside the Bakken’s Ramped-up Private E&P
2024-07-24 - Kayne Anderson-backed Kraken Resources is producing more than 80,000 boe/d today and has a new Fitch Ratings credit score to take to the M&A bank.
Private Equity Looks for Minerals Exit
2024-07-26 - Private equity firms have become adroit at finding the best mineral and royalties acreage; the trick is to get public markets to pay more attention.
Devon Capitalizing on Bakken, Eagle Ford Refracs
2024-08-07 - Devon Energy’s Delaware Basin production dominated the quarter for the multi-basin E&P, but the company is tapping into recompletion opportunities to supplement production, executives said.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.