Vic study: Oil spill would hit taxpayers hard


1/14 Vancouver Sun
Environmental Law Centre says compensation on civil liability for  damage tops out at $1.3B
By Scott Simpson, Vancouver Sun
Oil-spill compensation from industry is just a drop in the  bucket compared to what would be needed to recover from a  catastrophic spill off B.C.’s coast, according to a new report.
Spill compensation, including oil-tanker insurance and an  international convention on civil liability for oil-pollution  damage, tops out at $1.3 billion, according to a study by the  University of Victoria’s Environmental Law Centre released Thursday  by Living Oceans Society.
That’s roughly one-third of the cleanup and compensation costs of  the 1989 Alaskan Exxon Valdez spill, and the Exxon spill doesn’t  even rank in the top 30 largest global spills.
More at
http://www.vancouversun.com/news/UVic+study+spill+would+taxpayers+hard/4107158/story.html

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