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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You might also be interested in

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.
What would the impact of an oil spill in Burrard Inlet be? Every inch of Burrard Inlet, including the Indian Arm, would likely be affected by an oil spill. Such an incident would also affect Tsleil-Waututh cultural activities. Within 48 hours, 90% of the oil would strand on our beaches and foul up to 25 kilometres of shoreline ...
What is Kinder Morgan’s record of spills? Since the 1960s, the longest period of time the Trans Mountain Pipeline has gone without a spill is approximately four years. Most of these spills have been of crude oil. Crude oil spills have dire and long-lasting impacts on the environment and are incredibly difficult to clean.

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