Oil Spill Costs & Impacts
Book Details
Format
Paperback / Softback
ISBN-10
1606921193
ISBN-13
9781606921197
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Sep 4th, 2009
Print length
45 Pages
Weight
126 grams
Dimensions
22.70 x 15.20 x 0.60 cms
Product Classification:
Environmental economicsPollution & threats to the environment
Ksh 9,550.00
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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?
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