Click here HIGHLIGHTS OF THE YEAR 2020-2021 Over $9.5 million added to the Fund Monitoring 6 crude-by-rail accidents $1.79 per tonne collected from crude oil shippers
  • Working to select claims assessment services
  • Starting discussion​s with railway companies with regard ​to the transition of claims​ process
  • Developing a Crisis Communication plan
  • No railway accidents requiring the involvement of the Fund Kick-off activities to mark the Fund's 5-year milestone Progress made to increase the Fund’s readiness to compensate victims in the event of an accident by:
    Learn about the Lac-Mégantic rail disaster, and the
    steps taken to better protect Canadians from bearing
    the cost of accidents in the transport of crude oil by rail.
    FUND FOR RAILWAY ACCIDENTS INVOLVING DESIGNATED GOODS PRESENTS 5 YEARS OF PREPAREDNESS New Video Series Click here to learn more

    The Need to Strengthen the Liability and Compensation Regime for Rail in Canada

    From Transport Canada: The July 2013 derailment in Lac-Mégantic highlighted the need to strengthen the liability and compensation regime for rail in Canada. The railway involved – the Montreal, Maine and Atlantic Railway (MMA) – did not have enough insurance to cover damages, and went bankrupt. Stronger liability and compensation requirements came into force on June 18, 2016, under the Safe and Accountable Rail Act (the Act). The Act amends the Canada Transportation Act. It ensures that more resources are available, if a rail accident occurs, to:

    • compensate victims
    • pay for clean-up costs
    • protect taxpayers

    New measures under the Act:

    • require federally regulated freight railways to hold a minimum insurance of $25 million to $1 billion, based on risk
    • define railway liability, including liability without proof of fault or negligence for crude oil accidents
    • create the Fund for Railway Accidents Involving Designated Goods, which:
      • is financed by crude oil shippers
      • pays compensation when a railway’s mandatory insurance level is not enough to cover the full cost of damages from a crude oil accident

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