BlackRock and overseas institutional investors capture the majority of returns.
Chinese state enterprises hold significant pipeline ownership stakes.
Corporate leadership collects bonuses regardless of what happens to your shoreline.
A single major spill will end many commercial fisheries — not for a season, but permanently.
Coastal property values built over a lifetime would collapse overnight.
Capped corporate liability could leave taxpayers on the hook for a large portion of the clean-up bill.
We've seen this story before. And it doesn't end well for coastal communities.

When the Nathan E. Stewart spilled diesel in Heiltsuk waters, a local clam fishery — a community breadbasket — was wiped out.
The owners never paid for the lost income. The community absorbed the loss. The company moved on.
That was a small tug. Now imagine a supertanker carrying 350 million litres of crude oil hitting a reef in the same waters.

CBC
Why the disastrous 1989 Exxon Valdez oil spill looms large over northern pipeline debate | CBC News
The Exxon Valdez disaster happened more than 36 years ago off Alaska's coast, but the catastrophic oil spill still looms over plans for a pipeline from Alberta to the northern British Columbia coast.

northcoastoilcleanup.info
Canada's Oil Spill Liability System: The Risk to Taxpayers
Claims by politicians and industry that Canadian taxpayers need not worry about being on the hook for the costs of a major oil spill in coastal waters are misleading. Below is an explanation of how the marine oil spill liability system does and does not work in Canada. Much is uncertain. While C