On the 8th and 9th of April, 2015, less than a month after leaving Japan on its maiden voyage, the M.V. Marathassa leaked approximately 2,700 litres of fuel oil into English Bay, the body of water adjacent to downtown Vancouver, Canada. Although investigations into the exact cause of the leak are still ongoing, mechanical issues are thought to have contributed. All beaches affected by the oil were reopened by the end of April, and fishing was permitted in areas that had been closed to recreational and commercial fishing by mid-May. Here, we present an estimation of the economic impacts of this oil spill on Metro Vancouver’s marine-related economic activities, including commercial fishing and tourism activities. Total economic losses to local businesses and organizations as a result of the spill have been estimated to amount to between $25,805 to $31,105 in lost revenue, and between $45,655 and $46,005 in lost profit.
Dr. Dana Miller, postdoctoral researcher at the University of British Columbia, and OceanCanada Director Dr. Rashid Sumaila have released a working paper examining the impact of the recent oil spill in Vancouver’s English Bay. The paper presents an estimation of the economic impacts of this oil spill on Metro Vancouver’s marine-related economic activities, including commercial […]