Philippine News Agency
DENR: Environmental damage due to oil spill estimated at P7B
The Department of Environment and Natural Resources (DENR) estimates that marine resources worth P7 billion were possibly exposed to the oil spill from the sunken MT Princess Empress in Oriental Mindoro.
This P7 billion estimate covers potential damage to coral reefs, mangroves, seagrass, and other marine resources.
DENR Secretary Antonia Yulo-Loyzaga stated that the environmental damage cost is higher than the economic losses incurred by fisherfolk, which currently stand at P3.8 billion.
The DENR is currently gathering scientific evidence to validate the extent of the environmental impact.
Oil continues to spill from the sunken motor tanker as not all leaks have been blocked yet.
Secretary Loyzaga has met with shipowners associations to discuss gaps in policies and laws to prevent future oil spills.
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The Department of Environment and Natural Resources (DENR) estimates potential environmental damage from the Oriental Mindoro oil spill to be around P7 billion.
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The Philippine Coast Guard (PCG) collected approximately 400 liters of oily water mixture during an offshore response to the oil spill from the sunken MT Princess Empress in Oriental Mindoro.
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The International Oil Pollution Compensation (IOPC) Funds has pledged to provide settlements to all victims of the oil spill caused by the sunken MT Princess Empress in Oriental Mindoro.
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Fisherfolk affected by the oil spill in Oriental Mindoro and the Verde Island Passages (VIP) gathered to demand government accountability and reparations for the ecological disaster.
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