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Money CN Rail to pay more than $1.1 million

21:31  17 may  2018
21:31  17 may  2018 Source:   msn.com

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CN Rail fined more than $ 1 - million for violating - The Globe and Mail - www.theglobeandmail.com. Canadian National Railway has been fined more than $ 1 Read more : CN Rail abruptly replaces CEO amid ‘poor operating performance’. But he was far behind Keith Creel, who was paid .

CN Rail was fined ,000 and ordered by the court to pay $ 1 . 1 million to promote the protection of the environment. An investigation found that The threshold is five per cent for gasoline. Railway spokesman Patrick Waldron said the case stems from CN ’s fuel use during the first year of the new

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MONTREAL - Canadian National Railway has been fined more than $1 million for violating the Canadian Environmental Protection Act.

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Canadian National Railway has been fined more than $ 1 million for violating the Canadian Environmental Protection Act. Waldron said the $ 1 . 1 - million payment is equal to the amount of credits, or compliance units, that should have been paid for in that initial one-year period, based on

CN Rail was fined ,000 and ordered by the court to pay $ 1 . 1 million to promote the protection of the environment. Railway spokesman Patrick Waldron said the case stems from CN 's fuel use during the first year of the new regulations. " CN has fully complied with these renewable fuels regulations in

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Environment and Climate Change Canada says the Montreal-based railway pleaded guilty on Monday to importing a fuel that does not meet the requirements of renewable fuels regulations.

CN Rail was fined $25,000 and ordered by the court to pay $1.1 million to promote the protection of the environment.

An investigation found that between July, 2011 and December, 2012, CN imported more than 224 million litres of diesel fuel.

However, it didn't meet the requirement that at least two per cent of the company's imported volumes be renewable fuel, unless renewable fuel compliance units were acquired. The threshold is five per cent for gasoline.

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Read more : CN Rail abruptly replaces CEO amid ‘poor operating performance’. Interim CEO says CN Rail beginning to recover from weak start to year. But he was far behind Keith Creel, who was paid . 1 million , including .5 million in stock options last year to head Canadian Pacific Railway Ltd.

Railway spokesman Patrick Waldron said the case stems from CN's fuel use during the first year of the new regulations.

"CN has fully complied with these renewable fuels regulations in every subsequent year," he said in an email.

Waldron said the $1.1-million payment is equal to the amount of credits, or compliance units, that should have been paid for in that initial one-year period, based on fuel imports that year from the United States.

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