The Insurance Bureau of Canada (IBC) on Jan. 1, 2008 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," said Don Forgeron, vice president, Atlantic, of IBC. "While individual insurance companies have collected data on domestic oil tank spills for some time, this project introduces consistent reporting across the industry.