Reuters:Â Canada demands oil trains carry more insurance, levy imposed
Article published: Feb 21, 2015 – out of date: no longer suitable for your IB Economics commentary
IB Economics syllabus:Â Microeconomics
The negative externality of railway oil transportation is taxed by the Canadian Transport Minister. Perfect topic to look into the negative externality of production. Another recent related accident: click here.
Source of image:Â Andrey Rudakov, Bloomberg