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Canada: Liability for nuclear, oil & gas to be increased to $895 million

January 31, 2014 - 6:00am


The Canadian government has introduced legislation that would increase the amount of liability coverage required for nuclear plants and offshore oil and gas operations to $1 billion Canadian ($895 million), CBC.ca reported citing The Canadian Press.

The current minimums are C$75 million minimum for nuclear firms and between C$30 million and C$40 million for energy and offshore firms.

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