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.
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