Gulf Oil Spill of 2010

by Walsh, Christine R.; Duncan, James P.

• ISBN13: 9781613247297
• ISBN10: 161324729X
• Format: Hardcover
• Copyright: 2011-11-30
• Publisher: Nova Science Pub Inc

Summary

The 2010 Deepwater Horizon incident produced the largest oil spill that has occurred in U.S. waters, releasing over 200 million gallons into the Gulf of Mexico. BP has estimated the combined oil spill costs, including cleanup activities, natural resource and economic damages, potential Clean Water Act (CWA) penalties, to be approximately $41 billion. This book examines the many issues raised by the spill for policymakers, including the ability of the existing oil spill liability and compensation framework to respond to a catastrophic spill. The framework determines who is responsible for paying for oil spill cleanup costs and the economic and natural resource damages from an oil spill; how these costs and damages are defined and the degree to which, and conditions in which, the costs and damages are limited and/or shared by other parties, including general taxpayers.

Table of Contents

Preface

Liability & Compensation Issues Raised by the 2010 Gulf Oil Spill

Oil Pollution Act of 1990 (OPA): Liability of Responsible Parties

Liability & Compensation Requirements under the Oil Pollution Act

The 2010 Oil Spill: Natural Resource Damage Assessment Under the Oil Pollution Act

Natural Resource Damage Assessment: Evolution, Current Practice, & Preliminary Findings Related to the Deepwater Horizon Oil Spill

Cost of Major Spills May Impact Viability of Oil Spill Liability Trust Fund

Unlawful Discharges of Oil: Legal Authorities for Civil & Criminal Enforcement & Damage Recovery

The 2010 Oil Spill: Criminal Liability under Wildlife Laws

Index

Table of Contents provided by Publisher. All Rights Reserved.