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Questions Linger on Who Will Pay for Lac-Mégantic Cleanup, Oil Firm Says

2013-08-01 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Globe and Mail: The oil that exploded in the Lac-Mégantic disaster will be covered by insurance, but the company that owns the crude said many other questions about who must pay for the catastrophe still need to be worked out. World Fuel Services Corp. told analysts on its quarterly financial conference call Wednesday that its insurance covers the 50,000 barrels of oil and the dozens of rail cars that were destroyed when a train operated by Montreal, Maine & Atlantic Railway derailed in Lac-Mégantic, Que. The accident...

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