This month’s ILTA terminal member peer-exchange call covered a variety of issues facing the tank terminals industry, including ILTA’s work on ESG Principles, an update on developments in Washington and the latest on the TWIC-reader rule. After developing a library of current terminal company and external company ESG reports, ILTA will work with membership to develop a set of its own overarching principles. ILTA views ESG reporting as a way to keep the public informed on the importance of the bulk liquid storage industry and encourages all terminal members to consider involvement.
Ret. U.S. Coast Guard Admiral Roy Nash led a discussion on the TWIC reader rule roll out, scheduled for full implementation in 2023. Nash said the RAND Corporation continues to engage industry members on the impact the new TWIC regulations will have on their maritime facilities. ILTA is pursuing the publication of a letter of clarification from USCG, which it expects the not-too-distant future.
The call was rounded out by ILTA Vice President of Legislative Affairs Andrew Wright, who provided his monthly Washington Update. For this call, Wright highlighted President Biden’s proposed $2 trillion infrastructure bill package aimed at revitalizing the nation’s aging physical infrastructure. The plan would also provide funding for wider social programs, such as enhancing elder care and providing high-speed broadband to rural communities.
ILTA’s next monthly call is scheduled for May 20 at 4 p.m. ET. ILTA will provide call information in an e-blast in the week leading up to the call.