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Jan 18 2012

Billions in Bail Outs for Enbridge-the future cost of oil spills #No_Tankers @nathancullen #2010TankerBan

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Salmon photo by Gordon Judd

Salmon photo by Gordon Judd

 

Check out this website:
Canadian taxpayers on the hook for catastrophic oil spills from Enbridge

The proposed pipeline would service about 225 oil tankers per year and each tanker will carry between 700,000 and two million barrels of crude oil through some of the most dangerous waters in the world. Apparently, Canada’s oil spill regulations, would not make Enbridge responsible for any future cost of an oil spill after the oil is loaded onto a tanker.

Even if we use the smaller estimate of 700,000 barrels of oil hauled by 225 tankers = 157 million 500 thousand barrels of oil each year for 30 years!!! Yikes – how scary is that? Right now there are no tankers hauling crude oil on the North Coast of BC and for that we can thank Nathan Cullen (NDP leadership candidate).

In December 2010, the House of Commons passed a motion presented by Nathan Cullen calling for a legislated ban on crude oil tanker traffic off BC’s North Coast. This adds the voice of a majority of elected representatives from across the country to the impressive and growing list of communities, First Nations, and other groups that are standing up for our coast.

Liability for oil pollution from a tanker lies strictly with the ship’s owner and their limit of liability ends at $140 million.”

Once the spill reaches that $140 million – Canada relies on an international fund that helps cover the cost. Add to that Canada’s own domestic fund of $155 million we have $1.33 billion for clean up and compensation.

You might think that’s a lot of money but $3.5 billion was spent cleaning up after Exxon Valdez – that’s almost triple the funds available. The current funding formula doesn’t pay for losses to sport fisheries or tourism. Estimates for BP’s oil spill in the Gulf of Mexico are as high as $100 billion US. WOW!

A 2007 National Oceanic and Atmospheric Administration study showed that 26,600 gallons of crude oil from the Exxon spill are still lingering below the surface of Alaska’s beaches.…

A 2007 National Oceanic and Atmospheric Administration study showed that 26,600 gallons of crude oil from the Exxon spill are still lingering below the surface of Alaska’s beaches.…

Enbridge says the Northern Gateway will contribute $2.6 billion in tax revenue over its 30 year lifespan – How about that? Not enough to cover even one big spill. So if Enbridge claims millions in losses without a pipeline remember that Canadians will likely pay billions with a tanker oil spill! So what’s the answer?

Stop Enbridge Pipeline!

Watch for my next post on the dangers of tanker navigation on the North Coast of BC.

Photo Credit: http://taffee.edublogs.org creativecommons Attribution 3.0 Unported License.

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