"Just one litre of oil contaminates a million litres of drinking water"
HALIFAX, Dec. 6 /CNW/ - On January 1, 2008, Insurance Bureau of Canada
(IBC) is launching a project that will accurately track domestic oil spills in
Atlantic Canada for the first time. The data will be provided to governments
as part of an effort to introduce and strengthen legislation for the
installation, maintenance and replacement of domestic oil tanks.
"IBC is undertaking this project because there is a clear need to
understand the extent of the growing problem of domestic oil spills. While
individual insurance companies have collected data on domestic oil tank spills
for some time, this project introduces consistent reporting across the
industry," said Don Forgeron, Vice-President, Atlantic, Insurance Bureau of
"We believe that this is the first step in demonstrating the need for
stronger legislative action to prevent spills in the future," Forgeron added.
Currently, Prince Edward Island and Newfoundland and Labrador have
legislation dealing with the installation and replacement of domestic oil
tanks. Nova Scotia and New Brunswick do not have any such legislation. IBC
will advocate for similar legislation in New Brunswick and Nova Scotia, while
providing valuable data that can be used to potentially improve current
programs in Prince Edward Island and Newfoundland and Labrador.
Most domestic oil tanks hold around 1,000 litres of oil, and just one
litre of leaked oil can contaminate one million litres of drinking water.
Government, industry, consumers and many other stakeholders, such as the
Nova Scotia Insurance Review Board, agree this is a problem that needs to be
addressed and today's announcement provides an important component of any
Insurance Bureau of Canada is the national trade association of the
property and casualty insurance industry. Its member companies provide nearly
95% of the private home, car and business insurance sold in Canada.
For further information:
For further information: or to arrange an interview with Don Forgeron,
Vice-President, Atlantic, IBC, please contact (902) 429-2730