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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Why did the NEB approve the Kinder Morgan pipeline if its economic impact is negative? Acoustic disturbance: Increased tanker traffic will cause acoustic disruption underwater, and cause marine animals to change their behaviour -- especially culturally important species such as whales and blackfish. For more information, see our page on the pipeline's impacts on whales.
Would the proposed Kinder Morgan pipeline affect fish, birds, and wildlife? Fish, birds, and other wildlife are in the immediate path of harm in the event of any oil spill, major or minor. Here's how: Any marine birds near an oil spill risk oiling and probable death. A major spill could result in one of the top bird mortality events ever caused by oil.
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