Download or read book Oil Spill Liability Trust Fund OSLTD Funding for Oil Spills written by and published by . This book was released on 2006 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Spills written by U.s. Government Accountability Office and published by . This book was released on 2017-08-15 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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. "
Download or read book Oil Spills Cost of Major Spills May Impact Viability of Oil Spill Liability Trust Fund written by Susan A. Fleming and published by DIANE Publishing. This book was released on 2010-10 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Liability and Financial Responsibility for Oil Spills Under the Oil Pollution Act of 1990 and Related Statutes written by United States. Congress. House. Committee on Transportation and Infrastructure and published by . This book was released on 2010 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Liability and Compensation Issues Raised by the 2010 Gulf Oil Spill written by Jonathan L. Ramseur and published by DIANE Publishing. This book was released on 2011-06 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Maritime Transportation Major Oil Spills Occur Infrequently but Risks to the Federal Oil Spill Fund Remain written by and published by DIANE Publishing. This book was released on 2007 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oversight of the Oil Spill Liability Trust Fund written by United States. Congress. Senate. Committee on Environment and Public Works and published by . This book was released on 1999 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Spills written by Susan A. Fleming and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Spills in U S Coastal Waters written by Jonathan L. Ramseur and published by DIANE Publishing. This book was released on 2010-11 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Oil Pollution Liability written by United States. Congress. House. Committee on Merchant Marine and Fisheries. Subcommittee on Coast Guard and Navigation and published by . This book was released on 1987 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Deepwater Horizon written by Denis A. Michaels and published by Nova Science Publishers. This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Both the individual circumstances of the Deepwater Horizon incident, as well as the overall framework for how the federal government responds to oil spills, present a mix of evolving, but as yet uncertain, financial risks to the federal government and its Oil Spill Liability Trust Fund. The extent of financial risks to the federal government from the Deepwater Horizon is closely tied to BP and the other responsible parties. This book identifies the financial risks to the federal government resulting from the Deepwater Horizon oil spill; and assesses the Coast Guard's internal controls for ensuring that processes and payments for spill-related cost reimbursements and claims related to the spill are appropriate. Also discussed is the extent to which the federal government oversees the BP and Gulf Coast Claims Facility cost reimbursement and claims processes.
Download or read book 2010 Oil Spill written by Kristina Alexander and published by DIANE Publishing. This book was released on 2011 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a print on demand edition of a hard to find publication. The 2010 Deepwater Horizon oil spill leaked an estimated 4.1 million barrels of oil into the Gulf of Mexico, damaging the waters, shores, and marshes, and the fish and wildlife that live there. There is a process for assessing the damages to those natural resources and assigning responsibility for restoration to the parties responsible. BP was named the responsible party for the spill. The process allows Trustees of affected states and the fed. gov¿t. to determine the levels of harm and the appropriate remedies. Contents of this report: (1) Intro.: Statutory Authority; Trustees; Covered Natural Resources; Determination of Damages; (2) How the Process Works; (3) Restoration Options; Oil Spill Liability Trust Fund; Settlement vs. Litigation. Illus.
Download or read book The Federal Requirements for Vessels to Obtain Evidence of Financial Responsibility for Oil Spill Liability Under the Oil Pollution Act of 1990 written by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Coast Guard and Maritime Transportation and published by . This book was released on 1997 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Spill Cleanup Costs written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1990 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Spill Costs and Impacts written by Robert H. Urwellen and published by . This book was released on 2009 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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?
Download or read book Maritime Transportation written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-15 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Oil Spills written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
