I blog about environmental and social justice issues because I am very concerned about the health of the interdependent web of life of which we are a part.

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Thursday, July 5, 2012

Oil and British Columbia

Not from the world of black humour:
"Enbridge Inc. faces a record $3.7-million US penalty for a 2010 Michigan oil spill that leaked more than 20,000 barrels of crude into a tributary of the Kalamazoo River. The U.S. pipeline regulator, in issuing the civil fine Monday, said its investigation uncovered two dozen violations related to the July 25 rupture on Enbridge's Line 6B near Marshall.  The fine is the largest ever proposed by the U.S. Transportation Department's Pipeline and Hazardous Materials Safety Administration."

Does this "record" fine matter to Enbridge?  In terms of money  -  well.....maybe.  And maybe not. In August 2011, a Calgary newspaper reported that:
"Enbridge, which is also one of Canada’s largest natural gas distributors, said Friday it earned $259 million or 35 cents a share, up from $138 million or 19 cents a share a year earlier. Revenues soared to just under $5 billion from $3.5 billion in the same period last year."

Therefore, that "record" fine works out to 1.43 % on a quarter's profits.    What may be making excutives at Enbrridge cringe is the bad publicity resulting from the fine just as they are hoping to get approval for the Northern Gateway pipline  through British Columbia.  For example: 

"The evidence includes testimony from a senior Enbridge employee who suggests the energy company is ....  years away from achieving "world-class" safety standards." http://www.vancouversun.com/Enbridge+control+room+confusion+spurred+2010+spill+probe+alleges/6886497/story.html

Do we really want this pipleline through BC?  Do we really huge oil tankers on BC's coast?  If you don't,  please let your MP and your MLA know that you oppose oil tankers navigating BC's coastlines.

And please consider donating to the Dogwood Initiative at:

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