The compensation fund for victims of a fiery oil train derailment that claimed 47 lives in a small town in Quebec has grown to $345 million with a contribution from the company that owned the oil shipment.
Officials say World Fuel Services Corp. agreed to contribute $110 million.
Much of downtown Lac Megantic was destroyed after the unattended Montreal, Maine & Atlantic train with 72 tanker cars derailed July 6, 2013.
U.S. bankruptcy trustee Robert Keach and his Canadian counterpart said Monday that the settlement “is the product of months of difficult and complex negotiations among numerous stakeholders.”
Keach says the only party with potential liability that has declined to participate in the settlement fund is Canadian Pacific Railroad, which transported the oil to Montreal.
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.