Energy and Climate Change
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.
The provincial government has grown quiet on offshore oil and gas exploration and drilling off B.C.’s coast. The 2010 Olympic torch was not lit with offshore fuel as promised by former B.C. premier Gordon Campbell in his 2001 Speech from the Throne. While it doesn’t mean the Province has abandoned plans to drill for oil, it does indicate offshore oil and gas development has been moved to the back burner. We accept this as a victory – at least for now.