What would the economic cost of an oil spill be?

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This page builds on information from a Tsleil-Waututh Nation report that assesses the proposed Kinder Morgan pipeline and tanker project. You can read and download the full report here.

 

It is estimated that cleanup costs for a medium-large oil spill could be between $2.4 billion and $9.4 billion dollars.

Cleanup costs for an oil spill could be between $2.4 billion and $9.4 billion dollars.

 

Costs of cleaning oily waste would likely fall to residents and the BC government.

  • According to CRED, it is unclear whether Kinder Morgan would have to come up with clean up costs for land-based spills at all.
    • The City of Vancouver has proposed a bylaw that would force Kinder Morgan to cover the entire costs of a large-scale oil spill. However, the law has not yet been approved.
    • UBC’s Neighbourhoods Association has requested proof of insurance against spill damage, but this hasn’t been received. (CredBC)

The economic cost of a sizeable oil spill is far too great, and is a risk we simply cannot take.

We have the chance to focus on a sustainable economy by the stopping the proposed Kinder Morgan pipeline. Click here to learn more.

 

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How would Orcas be impacted by the proposed Kinder Morgan pipeline? Marine Mammals, including orca, are at risk in the event of an oil spill: Southern resident killer whales in British Columbia are considered endangered species, while northern whales are considered threatened but recovery plans in place are weak. Many marine mammals, including orca reside in or visit Burrard Inlet.
Kinder Morgan Concerns Get answers to all your questions about the proposed Kinder Morgan pipeline – from oil spill risks, to impacts on wildlife and drinking water, to economic risks.

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