The consequences of the spill of "Arrow" oil were environmental and financial. Environmentally, almost every living thing in the Bay was affected in one form or another. Species from shellfish, lobsters, fish, plankton, aquatic plants, and seabirds were either killed, displaced or mildly burdened by the 8,000 tons of Bunker 'C' oil spilled into Chedabucto Bay. Beaches, coves, lagoons, lakes, rivers, and ponds were not excluded from the massive slicks roaming throughout the Bay, contaminating up to 190 miles of shoreline. Much of this pollution remains up to this day, in some form, still eroding cliffs and dunes along the coast.

The spill also had financial consequences, whether they were borne by fisherman, government agencies or local businessmen. During the course of the clean up, nets worth $25,000 and other fishing gear in the vicinity of $200,000 were cleaned by "Operation Oil." The contribution of the Canadian government to minimize the pollution was estimated at $3.1 million, a figure including out-of-pocket expenses, the value of time, personnel, agencies, and equipment.

Imperial Oil Ltd. estimated their contributions to be over $900,000, this in addition to costs incurred by the Nova Scotia Government and local people who donated a lot of time. Tragically there was no recourse for anyone to recoup their losses since no adequate financial package was available.

The cost of the spill was great, financially and environmentally. Only time will tell how long the Chedabucto Bay area will be burdened with the fiscal or ecological legacies of this oil spill.