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Think Tank is the blog of the International Liquid Terminals Association that highlights the liquid terminal industry and its importance to the U.S. and world economy.

 

Terminal Industry Prepares for Active Hurricane Season with Drills, Plans

Cathy Landry 0 1105

The National Oceanic and Atmospheric Administration’s Climate Prediction Center yesterday forecasted a more-active-than-normal hurricane season this year. Thankfully, the members of the International Liquid Terminal Association were already prepared with drills, emergency preparedness plans and ongoing communications with government, emergency response and industry partners. The Atlantic hurricane begins June 1 and extends through November 30.

Recent Colonial Pipeline Outage Highlighted Several Operational Issues for Terminals

Cathy Landry 0 1614

The recent ransomware attack that brought Colonial Pipeline – and nearly the entire East Coast petroleum product supply chain – to its knees highlighted operational issues where the terminal industry could help overall fuel supply resilience with assistance from regulators. 

Congressional Democrats Introduce Climate Disclosure Legislation

Andy Wright 0 1372

Senator Elizabeth Warren (D-MA) and Representative Sean Casten (D-IL) on April 15 introduced the “Climate Risk Disclosure Act” to mandate that publicly traded companies disclose climate-related metrics under the supervision of the Securities and Exchange Commission. The SEC is currently working on a similar administrative mandate that is expected to be released soon.  The legislation is intended to codify the new SEC rule and protect it against legal challenges or a future Republican-controlled SEC effort to overturn it. 

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