A new study, Potential Economic Impact of a Tanker Spill on Ocean- Based Industries in British Columbia, looks at the potential economic impact of a tanker spill on B.C.’s ocean-based industries. Ocean-based industries are vitally important to the coastal communities of northern B.C., where 30% of the local population has some form of employment linked to the industry. The authors consider the potential economic costs of a hydrocarbon spill from a tanker along the proposed shipping routes, something that has not previously been quantified. Three scenarios, including no impact, medium impact and high impact are calculated in the report. The findings show how a medium impact spill would mean that 30%, 16% and 33% of the projected output value, employment and contribution to GDP of the Enbridge Northern Gateway Project could be lost to the spill. In the case of a higher impact spill, the percentages of the projected benefits from the Enbridge Northern Gateway project that could be lost to the spill are 49%, 52% and 70%, respectively. The results take into account the market-based value of four ocean-based industries and do not account for clean up, litigation and other cultural, social and environmental damages.
The report Potential Economic Impact of a Tanker Spill on Ocean Based Industries in British Columbia, by Ngaio Hotte and U. Rashid Sumaila of the Fisheries Centre, UBC can be found at: http://www.fisheries.ubc.ca/publications/potential-economic-impact-tanker-spill-ocean-based-industries-british-columbia
A summary of the issues from the Globe and Mail can be found at: http://www.theglobeandmail.com/news/british-columbia/enbridge-opponents-spar-over-pipelines-risks/article6221920/