From The Enbridge Northern Gateway Project Joint Review Panel: “In the unlikely event of a large oil spill . . . we found that the adverse effects would not be permanent and widespread.”
But “in the unlikely event of a large oil spill . . .”:
“Our final condition requires the company to maintain insurance and other financial resources totaling $950 million. The financial assurances would include $100 million in ready cash for immediate costs, $600 million in insurance or similar instruments, and $250 million in financial backstopping such as guarantees by equity partners.”
And what did we learn from the 3.3 million litre $1-billion cleanup at the Enbridge dilbit spill in Kalamazoo three years ago?