The agency, an independent administrative body of the Canadian government, suspended the "certificate of fitness" of the Montreal, Maine and Atlantic Railway Ltd. and its subsidiary, Montreal, Maine and Atlantic Canada Co., citing the railways' lack of third-party liability insurance.
A statement released Tuesday by the agency said the suspension is effective Aug. 20, so "orderly cessation of [the companies'] operations in Canada" can be arranged.
Montreal, Maine and Atlantic is the owner of the runaway oil train that exploded in Lac-Megantic, Quebec, July 6. The company filed for bankruptcy protection in Canada and the United States last week.
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