National Newswatch

US judge OKs $446 million settlement for victims of Lac-Megantic disaster

Oct 9 2015 — David Sharp — PORTLAND, Maine - A U.S. bankruptcy judge has approved a $446 million Cdn settlement fund for victims of the fiery Lac-Megantic oil-train derailment in Quebec, clearing the way for payments to victims by year's end.Judge Peter Cary in Portland, Maine, announced his decision Friday after Canadian Pacific dropped its objection to the settlement plan and […]

Railroad wants to send oil into Lac-Megantic after fixes

May 16 2014 — David Sharp — PORTLAND, Maine - The company purchasing the assets of a railroad responsible for a fiery oil train derailment that claimed 47 lives in Quebec plans to resume oil shipments after track safety improvements are made, the firm's top executive said Friday.John Giles, president and CEO of Central Maine and Quebec Railway, said he hopes to […]

Railroad wants to send oil into Lac-Megantic after fixes

May 16 2014 — David Sharp — The company purchasing the assets of a railroad responsible for a fiery oil train derailment that claimed 47 lives in Quebec plans to resume oil shipments after track safety improvements are made, the firm’s top executive said Friday. John Giles, president and CEO of Central Maine and Quebec Railway, said he hopes to have an […]