Mr Dennis Tan Lip Fong asked the Minister for Sustainability and the Environment whether the Ministry will consider mandating or incentivising the taking up of Environmental Impairment Liability (EIL) insurance coverage for agencies and businesses operating in (i) beaches and other coastal areas and (ii) nature areas and nature reserves, in order for these entities to better prepare for the financial implications of pollution incidents, such as oil spills, and ensure the prompt and comprehensive remediation of affected natural environments.
Ms Grace Fu Hai Yien: The Government has no plans to mandate businesses to take up Environmental Impairment Liability insurance. Businesses should decide on their appropriate insurance coverage based on their specific needs, risk profiles and relevant regulatory requirements.
Ministry of Sustainability and the Environment
7 August 2024
https://sprs.parl.gov.sg/search/#/sprs3topic?reportid=written-answer-17360
Office of the Leader of the Opposition 