Maritime Transportation: Major Oil Spills Occur Infrequently, but Risks to the Federal Oil Spill Fund Remain
Author:
Publisher: DIANE Publishing
Published: 2007
Total Pages: 50
ISBN-13: 9781422398456
DOWNLOAD EBOOK →Lanterna Rally
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Maritime Transportation
Author: United States. Government Accountability Office
Publisher:
Published: 2007
Total Pages: 46
ISBN-13:
DOWNLOAD EBOOK →When oil spills occur in U.S. waters, federal law places primary liability on the vessel owner or operator--that is, the responsible party--up to a statutory limit. As a supplement to this "polluter pays" approach, a federal Oil Spill Liability Trust Fund administered by the Coast Guard pays for costs when a responsible party does not or cannot pay. The Coast Guard and Maritime Transportation Act of 2006 directed GAO to examine spills that cost the responsible party and the Fund at least $1 million. This report answers three questions: (1) How many major spills (i.e., $1 million or more) have occurred since 1990, and what is their total cost? (2) What factors affect the cost of spills? and (3) What are the implications of major oil spills for the Oil Spill Liability Trust Fund? GAO's work to address these objectives included analyzing oil spill costs data, interviewing federal, state, and private-sector officials, and reviewing Coast Guard files from selected spills.
Maritime Transportation
Author: United States Government Accountability Office
Publisher: Createspace Independent Publishing Platform
Published: 2017-09-15
Total Pages: 52
ISBN-13: 9781976394256
DOWNLOAD EBOOK →When oil spills occur in U.S. waters, federal law places primary liability on the vessel owner or operator-that is, the responsible party-up to a statutory limit. As a supplement to this "polluter pays" approach, a federal Oil Spill Liability Trust Fund administered by the Coast Guard pays for costs when a responsible party does not or cannot pay. The Coast Guard and Maritime Transportation Act of 2006 directed GAO to examine spills that cost the responsible party and the Fund at least $1 million. This report answers three questions: (1) How many major spills (i.e., $1 million or more) have occurred since 1990, and what is their total cost? (2) What factors affect the cost of spills? and (3) What are the implications of major oil spills for the Oil Spill Liability Trust Fund? GAO's work to address these objectives included analyzing oil spill costs data, interviewing federal, state, and private-sector officials, and reviewing Coast Guard files from selected spills.
Maritime Transportation
Author: U S Government Accountability Office (G
Publisher: BiblioGov
Published: 2013-06
Total Pages: 54
ISBN-13: 9781289021511
DOWNLOAD EBOOK →The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.
Maritime Transportation
Author: United States Government Accountability Office
Publisher: Createspace Independent Publishing Platform
Published: 2017-09-16
Total Pages: 34
ISBN-13: 9781976399831
DOWNLOAD EBOOK →waters, federal law places primary liability on the vessel owner or operator-that is, the responsible party-up to a statutory limit. As a supplement to this "polluter pays" approach, a federal Oil Spill Liability Trust Fund administered by the Coast Guard pays for costs when a responsible party does not or cannot pay. This testimony is based on GAO's September 2007 report on oil spill costs and select program updates on the recent San Francisco spill. Specifically, it answers three questions: (1) How many major spills (i.e., at least $1 million) have occurred since 1990, and what is their total cost? (2) What factors affect the cost of spills? and (3) What are the implications of major oil spills for the Oil Spill Liability Trust Fund?
Maritime Transportation: Major Oil Spills Occur Infrequently, but Risks Remain
Author:
Publisher: DIANE Publishing
Published: 2007
Total Pages: 32
ISBN-13: 9781422398654
DOWNLOAD EBOOK →Oversight of the U.S. Coast Guard Budget
Author: United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Oceans, Atmosphere, Fisheries, and Coast Guard
Publisher:
Published: 2012
Total Pages: 108
ISBN-13:
DOWNLOAD EBOOK →Oil Spills: Cost of Major Spills May Impact Viability of Oil Spill Liability Trust Fund
Author: Susan A. Fleming
Publisher: DIANE Publishing
Published: 2010-10
Total Pages: 27
ISBN-13: 1437935117
DOWNLOAD EBOOK →On April 20, 2010, an explosion at the mobile offshore drilling unit Deepwater Horizon resulted in a massive oil spill in the Gulf of Mexico. The spill's total cost is unknown, but may result in considerable costs to the private sector, as well as federal, state, and local governments. The Oil Pollution Act of 1990 (OPA) set up a system that places the liability -- up to specified limits -- on the responsible party. The Oil Spill Liability Trust Fund (Fund), administered by the Coast Guard, pays for costs not paid for by the responsible party. This testimony focuses on: (1) how oil spills are paid for; (2) the factors that affect major oil spill costs; and (3) implications of major oil spill costs for the Fund. Charts and tables.
The Gulf of Mexico Oil Spill
Author: United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security
Publisher:
Published: 2011
Total Pages: 164
ISBN-13:
DOWNLOAD EBOOK →Liability and Compensation Issues Raised by the 2010 Gulf Oil Spill
Author: Jonathan L. Ramseur
Publisher: DIANE Publishing
Published: 2011-06
Total Pages: 27
ISBN-13: 143798343X
DOWNLOAD EBOOK →The 2010 Deepwater Horizon (DH) incident produced the largest oil spill that has occurred in U.S. waters, releasing more than 200 million gallons into the Gulf of Mexico. BP has estimated the combined oil spill costs will be approx. $41 billion. The DH oil spill raised many issues for policymakers, incl. the ability of the existing oil spill liability and compensation framework to respond to a catastrophic spill. Contents of this report: (1) Intro.; (2) Existing Liability and Compensation Framework: Responsible Party; Liability Limits; Financial Responsibility; The Oil Spill Liability Trust Fund; Compensation or Claims Process; (3) Issues for Policymakers: Liability Limits; Per-Incident Cap; Level of Funding; Claims Process. This is a print on demand report.
