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Author: United States Government Account Office
Publisher: Createspace Independent Publishing Platform
Published: 2018-01-13
Total Pages: 28
ISBN-13: 9781983819520
DOWNLOAD EBOOK →Oil Spills: Cost of Major Spills May Impact Viability of Oil Spill Liability Trust Fund
Author: U.s. Government Accountability Office
Publisher:
Published: 2017-08-15
Total Pages: 28
ISBN-13: 9781974559589
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.GAO previously reported on the Fund and factors driving the cost of oil spills and is beginning work on the April 2010 spill. 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. It is largely based on GAO's 2007 report, for which GAO analyzed oil spill cost data and reviewed documentation on the Fund's balance and vessels' limits of liability. To update the report, GAO obtained information from and interviewed Coast Guard officials. "
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.
Author: Robert H. Urwellen
Publisher:
Published: 2009
Total Pages: 62
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. This book is based on a GAO 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?
Author:
Publisher: DIANE Publishing
Published: 2007
Total Pages: 50
ISBN-13: 9781422398456
DOWNLOAD EBOOK →Author: United States. Congress. Senate. Committee on Energy and Natural Resources
Publisher:
Published: 2010
Total Pages: 88
ISBN-13:
DOWNLOAD EBOOK →Author: Jonathan L. Ramseur
Publisher: DIANE Publishing
Published: 2010-11
Total Pages: 38
ISBN-13: 1437934064
DOWNLOAD EBOOK →Contents: (1) Background: Oil Spills (OS) in U.S. Coastal Waters; Impacts of OS in Aquatic Environ.: Acute Impacts; Chronic Impacts; Ecosystem Recovery; Econ. Costs of OS: Cleanup Costs; Natural Resources Damages; Other Econ. Costs; (2) OS Governance: Federal Authorities: Exxon Valdez OS: 1990 Oil Pollution Act; Other Fed. Laws; Internat. Conventions: MARPOL 73/78; Intervention Convention; Fed. Agencies Responsibilities: Response; Prevention and Preparedness; Fed. Funding for the OS Liab. Trust Fund: Background; Trust Fund Ceiling; Fund Projections, and Vulnerability; State Laws; (3) Threat of Future OS in U.S. Coastal Waters: Possibilities for Future OS: U.S. Oil Imports and Possible OS; Level of Preparedness. Illustrations.
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:
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