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Sharing the Costs and Benefits of Energy and Resource ActivityLegal Change and Impact on Communities$
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Lila Barrera-Hernández, Barry Barton, Lee Godden, Alastair Lucas, and Anita Rønne

Print publication date: 2016

Print ISBN-13: 9780198767954

Published to Oxford Scholarship Online: June 2016

DOI: 10.1093/acprof:oso/9780198767954.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 20 September 2019

Liability for Oil Spills from Oil and Gas Operations in Canada’s Arctic Waters

Liability for Oil Spills from Oil and Gas Operations in Canada’s Arctic Waters

Chapter:
(p.207) 12 Liability for Oil Spills from Oil and Gas Operations in Canada’s Arctic Waters
Source:
Sharing the Costs and Benefits of Energy and Resource Activity
Author(s):

Nigel Bankes

Astrid Kalkbrenner

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198767954.003.0012

This chapter deals with liability for an oil spill resulting from a blow-out from a well in Canada’s Arctic waters, and related questions of financial security or assurance—that is, the extent to which the regulator, those who suffer losses, and society at large can be assured that the persons who carry the liability will have the resources to discharge that liability, or that alternative funds (other than the public purse) will be available in the event of the insolvency of the person primarily liable. It also argues that resource developments create risk for local communities including, in the case of offshore oil and gas operations, the risk of harm from a catastrophic blow-out, and that such communities are entitled to some assurance that there are funds on hand to ensure that they will be fully compensated and in a timely way in the event that such risk materializes.

Keywords:   liability, oil spill, financial security, resource developments, operational risks

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