Wednesday, 3 May 2017

EIG shareholder engagement and CN

For some years, EIG has engaged with companies in which it is a shareholder by writing letters to upper management on issues of concern.  As investors, we feel our voices should be heard. We last had an exchange of letters with CN in 2014 concerning rail safety, following the Lac Mégantic disaster.  An issue also in our sights, but never acted upon, was the fight of Pointe-St-Charles residents against CN concerning excessive noise, 24/7, from their shunting yards, which resulted in a complaint filed in 2015 with the Canadian Transportation Agency. Both sides agreed to mediation, which is continuing.  The issue is in the news again.  For a summary of the fight, see: Sur le bord de la track (La Presse, 26 avril 2017)

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