Transport Canada Orders Removal of Abandoned Tidal Power Moorings Near Walton, N.S.

The moorings, left by bankrupt Occurrent Power, pose a navigational hazard in the Bay of Fundy.

Transport Canada has directed a bankrupt tidal power company, Occurrent Power, and its bankruptcy trustee to devise a plan for removing four large moorings abandoned near Walton, N.S.
The moorings consist of concrete-filled railcars connected by giant chains, initially intended for a tidal power project before the company declared bankruptcy on August 29.
The abandoned railcars, located just beneath the surface during high tide, have been formally identified as a navigational hazard to boaters.
The provincial Department of Natural Resources has indicated that the company's $20,000 project deposit will be used to help cover removal costs.
The final cost of removal will be determined by the government agency tasked with the operation, which will then seek to recover these costs through bankruptcy proceedings.