Total Costs Resulting from Two Major Oil Spills
Author : United States. General Accounting Office
Publisher :
Page : 50 pages
File Size : 36,68 MB
Release : 1977
Category : Oil pollution of the sea
ISBN :
Author : United States. General Accounting Office
Publisher :
Page : 50 pages
File Size : 36,68 MB
Release : 1977
Category : Oil pollution of the sea
ISBN :
Author : United States. General Accounting Office
Publisher :
Page : 30 pages
File Size : 11,49 MB
Release : 1977
Category : Oil spills
ISBN :
Author : U S Government Accountability Office (G
Publisher : BiblioGov
Page : 26 pages
File Size : 15,79 MB
Release : 2013-07
Category :
ISBN : 9781289171667
The combined short-term costs associated with two oil spills that occurred during 1976 resulting from sinking tankers will exceed $4 million, excluding the cost of oil spilled. The costs incurred for cleanup, containment, and disposal operations and damages to the environment resulting from the sinking of a Steuart Transportation Company barge (STC-101) in the lower Chesapeake Bay in February and the sinking of the Argo Merchant off the coast of Massachusetts in December were reviewed. Both of the vessels had a cargo of No. 6 industrial oil and sank in inclement weather. The Argo Merchant, which spilled about 7,500,000 gallons, incurred an estimated total cost of $5.2 million, including $2.4 million for the oil. At the time of this review, no recovery of costs had been obtained from the spiller, and the owners of the ship had filed a limitation action asking the court to limit their liability for the spill. The STC-101, which spilled about 250,000 gallons, incurred costs of about $1.3 million. No recovery of the costs incurred had been made at the time of the review, and Steuart Transportation has denied any responsibility for the spill. The monetary value for some environmental damage could not be determined. In addition, the impact of the spills on marine life and long-term environmental effects have not been determined.
Author : Susan A. Fleming
Publisher : DIANE Publishing
Page : 27 pages
File Size : 27,17 MB
Release : 2010-10
Category : Technology & Engineering
ISBN : 1437935117
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 : U.s. Government Accountability Office
Publisher :
Page : 28 pages
File Size : 28,91 MB
Release : 2017-08-15
Category :
ISBN : 9781974559589
"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 : Robert H. Urwellen
Publisher :
Page : 62 pages
File Size : 26,65 MB
Release : 2009
Category : Business & Economics
ISBN :
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 : United States. General Accounting Office
Publisher :
Page : 680 pages
File Size : 25,12 MB
Release : 1976
Category : Finance, Public
ISBN :
Author : United States. Superintendent of Documents
Publisher :
Page : 1228 pages
File Size : 24,74 MB
Release : 1978
Category : Government publications
ISBN :
February issue includes Appendix entitled Directory of United States Government periodicals and subscription publications; September issue includes List of depository libraries; June and December issues include semiannual index
Author :
Publisher :
Page : 832 pages
File Size : 48,99 MB
Release : 1978
Category : Government publications
ISBN :
Author : United States. Congress. House. Committee on Government Operations. Environment, Energy, and Natural Resources Subcommittee
Publisher :
Page : 404 pages
File Size : 32,38 MB
Release : 1977
Category : Oil spills
ISBN :