'David over Goliath': That’s how Albany County Executive Dan McCoy is describing his county’s victory against Fortune 500 company Global Partners.

Wednesday morning, McCoy announced Global is withdrawing its application to expand its facilities and install boilers at the Port of Albany. According to McCoy's office, the addition of boilers would have brought tar sands oil to Albany for heating.

In 2014, McCoy issued a moratorium on global, citing the 2013 Quebec train derailment, in which 47 people were killed during a crude oil shipment.

Wednesday’s press conference was held at the parking lot of Ezra Prentice Homes on South Pearl Street, where train tracks carrying crude oil sit just feet away.

“Boy, I tell you, as a kid -- we're all parents, and when your kids are little, you look away for a quick second and they run off -- God forbid down here," said McCoy. "So I do want to say this is a huge victory for Albany County and the residents that live here.”

McCoy says the battle against Global isn’t over yet. McCoy wants the DEC to treat Global’s new application as a new permit, because he wants to ensure a full review of any impact on the environment.