Newsletter

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.

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. 

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. 

Senate Republicans on April 22 released a $568 billion infrastructure proposal to counter the $2 trillion-plus plan unveiled by President Biden early this month. But Congressional Democrats have made it clear they are not on board.

ILTA members take safety seriously, and they see it as a core value of the industry. The association makes sure to recognize companies that go above and beyond with their safety programs through the ILTA Safety Excellence Awards.