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Canada: Government looks to extend crude-by-rail insurance burden

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Canada's government is planning to extend the oil-by-rail disasters' insurance burden beyond just railways, reports Reuters citing a government official.

It is also considering a special fund, similar to a fund that was previously established for maritime oil spills, the official said.

The move follows the destruction caused by a runaway oil train explosion in Quebec in 2013.

Estimates say that around 400 million Canadian dollars ($362.2 million) could be incurred in cleanup costs.

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