Regulators have “overreacted” to the fatal derailment in Lac-Mégantic by imposing needless regulations on the rail industry, says Hunter Harrison, chief executive officer of Canadian Pacific Railway Ltd.
Mr. Harrison said human error caused a Montreal, Maine & Atlantic train hauling crude oil to roll down a hill and explode in the summer of 2013, killing 47 people and destroying much of the Quebec town. Slower speed limits or other rules that have been proposed or implemented since would not have prevented the disaster, he said.