Tag Archives: enbridge

Yellowstone Oil Spill: Costs in the hundreds of millions of dollars

Exxon-Mobil’s latest oil spill within sniffing distance of USA’s emblematic Yellowstone Park is set to levy further heavy costs to its brand and the oil industry. The costs of cleanup are likely to be high, in the tens of millions. … Continue reading

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Enbridge oil spill: the low cost of government support

Enbridge took full financial responsibility for the Kalamazoo River oil spill in July 2010 from the moment the oil spill happened, reports suggest. Its bid to ensure “business as usual” (“[Enbridge] made it very clear to [the local government] from … Continue reading

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Costly US oil spill impacts Enbridge: profits down, but earnings on track

Enbridge’s two headline oil spills of 2010 have impacted their earnings and profits. Slick costs have scythed net earnings by half to C$158 million. However, the big Calgary pipeline company said it remains on track to meet the upper half of … Continue reading

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Who’s to blame for oil spills: greedy big business or accountants?

USA pipelines leak 3,000 barrels for each billion transported. But whose fault is it? Some commentators are blaming the number crunchers, and others aggressive big business entering services markets for the oil and gas industry. The problem is: corrosion is … Continue reading

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EPA weakness needlessly escalate costs as oil spills suck scare resources

The oil spill has literally sucked in all the Environmental Protection Agency’s testing and remediation equipment, personnel and other scarce resources. To exemplify, three hundred miles away from Battle Creek, location of the Kalamzaoo River Oil Spill by Enbridge, environmental … Continue reading

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Chicago pipeline oil spill to cost $85 million to clean up

Enbridge’s second conspicuous oil spill since the Gulf of Mexico oil spill is proving costly. Enbridge report it will cost up to $60 million to clean-up, of which up to $15 million will be paid from company coffers. The world saw … Continue reading

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Romeoville is bleeding oil: second spill highlights difficult costly but essential decisions.

A second Enbridge oil spill in two months, this time underground Chicago has once-again highlighted American oil dependency. It also highlights the frequency of oil spills. In 2009, there were 89 spills on Enbridge Inc. pipelines. It also highlights how … Continue reading

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What is the risk of a costly oil spill by Enbridge? One in a million or every 5 years?

Enbridge opened the door on the risks of transporting hydrocarbons by pipeline. But left as many questions as answers in their wake. Is it a very rare occurrence, or a quite frequent one? Let us not forget that “Enbridge’s goal … Continue reading

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Breakages will be paid for: billion-dollar cost of Michigan oil spill

Enbridge’s oil spill and attendant slick impacts in Talmadge Creek and the Kalamazoo River will cost over a billion dollars. So far we have the following guesstimates of elements of total cost: $300-400 million – clean-up costs estimated by Enbridge … Continue reading

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Michigan oil spill: Enbridge says it cant estimate costs (yet)

Cost, no cost Enbridge CEO Patrick Daniel says he is not able to go public on internal guesstimates of the cost of the oil spill and slick impacts of the 35 mile long slick. Costing will be a critical public … Continue reading

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