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Oil train disaster settlement fund reaches $345 million

2015-06-10 08:53:06| Oil & Gas - Topix.net

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 shipment. World Fuel Services Corp., which was accused in a lawsuit of downplaying the volatility of the crude oil from North Dakota's Bakken shale region, agreed to contribute $110 million to the settlement fund, leaving Canadian Pacific Railroad as the only company with potential liability that has declined to contribute.

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