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Author Topic: Why Quebec may have to bear the cost of the Lac-Mégantic disaster Back to Topics
Nicoalbum

Champion Author
Ottawa

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Message Posted: Aug 18, 2013 10:41:01 AM

The QC government says it can jump to the front of the line of the MM&A creditors seeking Ms, to compensate the Lac-Mégantic derailment victims and cover its cleanup bill. But legal experts aren’t so sure

QC is counting on the environmental provisions of the federal Companies’ Creditors Arrangement Act to get repaid. However, that recourse may not be as far-reaching as the government suggested

This would be a nasty surprise for Quebeckers

The minister responsible for the E Townships played down that promise, but nonetheless asserted once more that QC will become a secured creditor in MM&A’s Canadian bankruptcy

But that is “not a slam-dunk case,”
The government can only claim a privileged status on the land and property where the environmental disaster occurred

the cleanup n
Visit The Globe and Mail for full article
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Nicoalbum
Champion Author Ottawa

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Message Posted: Aug 19, 2013 11:40:40 PM

The latest development on the issue suggests that Irving may play a significant role in alleviating the spill and disaster

[Edited by: Nicoalbum at 8/19/2013 11:41:19 PM EST]
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Buickdriver7
Champion Author Ontario

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Message Posted: Aug 19, 2013 8:53:40 PM

Serves them right!
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Buck_on_Bass
Champion Author Tennessee

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Message Posted: Aug 19, 2013 8:36:16 AM

It seems that politics is creeping into the courtroom from the judge's comments.

Quebec, in trying to find all the deep pockets it can, is suing MM&A, the oil companies that provided the crude oil, and CP Rail for originating the shipment. Yet we still do not have a report with a definitive cause of the disaster. Questions have arisen about the chemical makeup of the crude, the condition of the brakes on the cars and the locomotives before and after the wreck, the number of brakes set, the locomotive fire, the silent train (no reported brake noise) rolling downhill, the cause of the initial explosions, and many other issues. I expect the complete investigation will not be completed this year as so many items are checked, analyzed, and rechecked.
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EvergreenON
Champion Author Ontario

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Message Posted: Aug 19, 2013 6:15:53 AM

In all that concerns only the oil speculators are winners even at the expense of human lives
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Straitliner
Champion Author Illinois

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Message Posted: Aug 19, 2013 6:01:29 AM

I'm sure it will all be okay in the end just you wait and see.
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afghaned
Champion Author Ottawa

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Message Posted: Aug 19, 2013 4:46:56 AM

There will be some changes to insurance held by business thanks to this development. Once again the big, bad American screws their northern neighbour.
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mitt4prez
Champion Author Tacoma

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Message Posted: Aug 19, 2013 3:19:52 AM

The lawyers will be the first in line.
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iFueler
Champion Author Durham

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Message Posted: Aug 19, 2013 2:14:10 AM


     time will tell
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OHMS
Champion Author Orange County

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Message Posted: Aug 19, 2013 2:06:47 AM

MAY? May is way behind us
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nvwarped
Champion Author Corpus Christi

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Message Posted: Aug 19, 2013 1:11:58 AM

we will see. maybe the media will get involved and lie about everything.
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MN1
Champion Author Twin Cities

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Message Posted: Aug 19, 2013 12:33:05 AM

Maybe they'll succeed from the other Canadian Provinces.
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JohnofGB
Champion Author Flint

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Message Posted: Aug 19, 2013 12:28:27 AM

Public is left holding the bag.
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GSKHY
Champion Author Montreal

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Message Posted: Aug 19, 2013 12:10:47 AM

again people will pay as usual
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Blue_Cruzer
Champion Author Lexington

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Message Posted: Aug 19, 2013 12:09:11 AM

A lot of lessons to be learned from this tragic accident.
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danindenver
Champion Author Denver

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Message Posted: Aug 18, 2013 10:04:37 PM

"Why should the people pay for this?"

Well, who should pay?
The railroad? It's made up of people.
The government? It's made up of people.
The oil company? It's made up of people.

We live in a closed system. Everything that we do affects everything and everyone else.
The pension that your grandmother lives off of is probably funded, in part, by profits from the oil company that you would like to pin this whole thing on.

What's the answer?
Pray for them.

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listerone
Champion Author Boston

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Message Posted: Aug 18, 2013 10:03:23 PM

Yikes
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SimmsGas
Champion Author Virginia

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Message Posted: Aug 18, 2013 9:06:12 PM

Why should the people pay for this?
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pleinyeux
Champion Author Montreal

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Message Posted: Aug 18, 2013 9:02:46 PM

No comment loll /Wait to see
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HorizonChaser
Champion Author Montgomery

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Message Posted: Aug 18, 2013 8:24:56 PM

Ok
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MidNJ
Champion Author New Jersey

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Message Posted: Aug 18, 2013 7:33:20 PM

Yep, cause a disaster, declare bankruptcy, and walk away leaving others to clean up the mess.
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csblesson
Champion Author Texas

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Message Posted: Aug 18, 2013 6:33:54 PM

All the best
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SRcyclist
Champion Author San Diego

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Message Posted: Aug 18, 2013 5:38:15 PM

Good luck
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djwhit
Champion Author Ohio

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Message Posted: Aug 18, 2013 4:47:10 PM

QUEBEC, GET IT DONE........
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DABEE1073
Champion Author San Diego

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Message Posted: Aug 18, 2013 4:30:48 PM

No matter what, as long as the people of Lac-Megantic are properly compensated.
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Sapper08
Champion Author Indianapolis

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Message Posted: Aug 18, 2013 4:17:06 PM

We have our own problems. Canada can handle theirs.
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YumaFellow
Champion Author Arizona

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Message Posted: Aug 18, 2013 4:03:00 PM

Maybe one of the hidden costs of lack of government regulation.
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WEB0153
Champion Author Maryland

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Message Posted: Aug 18, 2013 3:53:55 PM

big mess
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kag2010
Champion Author Winnipeg

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Message Posted: Aug 18, 2013 3:41:45 PM

what a mess
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markcayer
All-Star Author Ottawa

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Message Posted: Aug 18, 2013 3:41:35 PM

The only ones to get rioch here will be lawyers.
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gizbo123
Champion Author Los Angeles

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Message Posted: Aug 18, 2013 3:07:49 PM

Poor Quebeckers, like they are not taxed enough with socialism.
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pricewar
Champion Author Ogden

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Message Posted: Aug 18, 2013 2:35:28 PM

Finger pointing here, to much smoke, when it clears a bit, we will get a better
Idea
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Cothrom
Champion Author South Carolina

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Message Posted: Aug 18, 2013 2:31:39 PM

Quebec is a very neet and unique part of the world.
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nybearhunter
Champion Author New York

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Message Posted: Aug 18, 2013 2:15:45 PM

there all confused.
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BumpinButch
Champion Author Texas

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Message Posted: Aug 18, 2013 2:10:02 PM

Under who's watch and facility caused this to happen? Responsibility lies with them!
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whitebear1883
Champion Author Oakland

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Message Posted: Aug 18, 2013 2:08:05 PM

Just awful.
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davenles
Champion Author Texas

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Message Posted: Aug 18, 2013 12:51:34 PM

Those folks have been through so much, I hope the arguements over money doesn't take focus off the recovery.
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mcg00
All-Star Author Milwaukee

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Message Posted: Aug 18, 2013 12:41:19 PM

“We are not going to show our cards right away,” Ms. Marceau said, so time will tell who pays for this disaster.
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Jeff1944
Champion Author South Dakota

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Message Posted: Aug 18, 2013 12:29:15 PM

This reminds me of the bailout of the auto companies post 2007 recession.
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walkingtall
Champion Author Toronto

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Message Posted: Aug 18, 2013 12:04:24 PM

Why Quebec may have to bear the cost of the Lac-Megantic disaster and legal experts are not so sure.
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humblepie
Champion Author Toledo

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Message Posted: Aug 18, 2013 11:30:42 AM

what a mess
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drpepperTX
Champion Author Texas

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Message Posted: Aug 18, 2013 11:07:35 AM

The need for more pipelines is clearly evident.
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infinititom
Champion Author Dallas

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Message Posted: Aug 18, 2013 11:00:13 AM

You mean to say that government may not have written the law the way they claim they did?
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wrunner
Champion Author Virginia

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Message Posted: Aug 18, 2013 10:52:00 AM

Somebody has to pay, somebody gotta pay.

Pay they should, pay they must.

Let the payment begin and let it begin right away.
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marcelpr
Champion Author New Orleans

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Message Posted: Aug 18, 2013 10:47:56 AM

Ya' know, socialism is WASTED on poor people, and it sounds like the politically-connected guys in Canada have fixed that by settin' up some socialism for the rich.
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Nicoalbum
Champion Author Ottawa

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Message Posted: Aug 18, 2013 10:43:38 AM

Quebec got a strategic position dealing with the federal, threatening to secede
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