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Companies drilling for oil on Canadian shorelines will likely see increased absolute liability costs in the fall, rising from $30 million on the Atlantic and $40 million in the Arctic to $1 billion ...

The federal government has vowed to impose absolute liability of up to $1 billion on major oil pipeline operators and this has some insurance professionals questioning whether there is enough capacity ...

The federal government introduced Monday legislation intended to impose absolute liability, on major oil pipeline operators, of up to $1 billion in case of incidents such as spills, and to require ...

TORONTO (miningweekly.com) – The new Pipeline Safety Act has come into force in Canada, heralding a new era of absolute liability for pipeline owners and operators and setting out financial resource ...