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March 28, 2013
1:00 pmto2:30 pm

Terrestrial Research on Ecosystems & World-wide Education & Broadcast || An Innovative Graduate Training Program

Seminar: Rashid Sumaila w/ Ngaio Hotte

March 18, 2013

March 28, 2013
1:00 pmto2:30 pm

Sumaila“Economics of the Threats of Oil Spills along the BC Coast:
Potential impacts on the economy of the Province”

Thursday Mar. 28th, 1:00 – 2:30 pm

Forest Sciences Centre 1221

Everyone welcome!

If you cannot make it in person, you can access the live webinar link here. Please log in 5 minutes early.

 

Abstract: Life in the ocean is increasingly facing new threats including those from climate change, ocean acidification and oil spills. These threats can have serious effects on the health of fish stocks and other marine animals in the ocean, and therefore can affect the economics of businesses such as fishing, tourism and even the movie or tech sectors. Economists are increasingly being called upon to assess the economic effects of these threats as an input to policy making. B.C. is currently in a heated debate on whether to approve a number of pipeline projects or not because of the potential effects of oil spills on the environment and economy of the province. In this talk, I will discuss the economics of the threats of potential oil spills along the B.C. Coast with particular reference to the Northern Gateway and Kinder Morgan pipeline projects.

 

Bios: Dr. Rashid Sumaila is Professor and Director of the UBC Fisheries Centre and the Fisheries Economics Research Unit. He specializes in bioeconomics, marine ecosystem valuation and the analysis of global issues such as fisheries subsidies, illegal fishing and the economics of high and deep seas fisheries. He also studies how emerging threats to the ocean, e.g., climate change and oil spills, are likely to impact the economics of fisheries worldwide. Sumaila is deeply interested in how economics, through integration with ecology and other disciplines, can be used to help ensure that environmental resources are sustainably managed for the benefit of all generations. He has experience working in fisheries and natural resource projects in Canada, Norway and the North Atlantic region, Namibia and the Southern African region, Ghana and the West African region and Hong Kong and the South China Sea. He has published over 135 articles in academic journals, including appearances in Science, Nature and the Journal of Environmental Economics and Management. Sumaila’s work has generated a great deal of interest, and has been cited by media such the Economist, the Boston Globe, the International Herald Tribune, Maine Sunday Telegram, the Financial Times, the Globe and Mail, VOA, CBC News and the Vancouver Sun.

Ngaio Hotte is a Fisheries Economist with the Fisheries Economics Research Unit (FERU) at the UBC Fisheries Centre. Her research focuses on the economics of sustainable marine resource management. Recent projects have included developing an “Eco2” indicator to assess the ecological and economic performance of 151 countries and assessing the potential economic impacts of oil spills. Prior to joining FERU, Ngaio worked as an environmental consultant and policy analyst in the private and non-profit sectors, where she focused on environmental externalities of resource management, climate change, renewable energy, cumulative environmental impacts and policy analysis.

 

Recommended Readings: 

Ngaio Hotte and Rashid Sumaila (2012). Potential economic impact of a tanker spill on ocean-based industries in British Columbia. FCRR 2012, Vol. 20(7) 45p.

Sumaila, U.R., Cisneros-Montemayor, A.M., Dyck, A., Huang, L., Cheung, W., Jacquet, J., Kleisner, K., Lam, V., McCrea-Strub, A., Swartz, W., Watson, R., Zeller, D. & Pauly, D. (2012). Impact of the Deepwater Horizon well blowout on the Economics of U.S. Gulf fisheries. Canadian Journal of Fisheries and Aquatic Sciences, 69, 499-510, DOI: 10.1139/f2011-171.

 

*For the Spring 2013 Seminar Series Schedule, go here.

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