Liability And Financial Responsibility For Oil Spills Under The Oil Pollution Act Of 1990 And Related Statutes

Author : United States. Congress. House. Committee on Transportation and Infrastructure
Publisher :
ISBN 13 :
Total Pages : 256 pages
Book Rating : 4.92/5 ( download)

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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:

Author : United States Congress
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781978353879
Total Pages : 252 pages
Book Rating : 4.71/5 ( download)

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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 and published by Createspace Independent Publishing Platform. This book was released on 2017-10-17 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Liability and financial responsibility for oil spills under the Oil Pollution Act of 1990 and related statutes: hearing before the Committee on Transportation and Infrastructure, House of Representatives, One Hundred Eleventh Congress, second session, June 9, 2010.

Author : United States. Congress. House. Committee on Transportation and Infrastructure
Publisher :
ISBN 13 :
Total Pages : 227 pages
Book Rating : 4.38/5 ( download)

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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 227 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Michael Greenstone
Publisher :
ISBN 13 :
Total Pages : 7 pages
Book Rating : 4.51/5 ( download)

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Download or read book Liability and Financial Responsibility for Oil Spills Under the Oil Pollution Act of 1990 and Related Statutes written by Michael Greenstone and published by . This book was released on 2011 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction: As I see it, we have two objectives related to oil drilling. The first is to support energy security through increased energy production in the United States. In my view, energy security refers to the reliable and affordable supply of energy in a manner that does not constrain our policy objectives in other arenas, particularly our national security. As a recent Council of Foreign Relations report put it, countries that rely on imported energy have repeatedly seen that "their growing dependence (on imported energy) increases their strategic vulnerability and constrains their ability to pursue a broad range of foreign policy and national security objectives." Indeed, it has been an ongoing goal of policymakers to maximize our nation's capacity for energy production so that the U.S. economy is not beholden to the decisions of foreign oil producers. The second objective is to protect the environment by making sure that energy producers put the appropriate safeguards in place against oil spills and other environmental damages. The American people place tremendous value on clean air and water. After all, a clean environment is necessary for safe recreation at beaches, healthy habitats for wildlife, industries like tourism and fishing, and ultimately preserving the planet for future generations. These two objectives are often in conflict with each other. Let's look at the two extreme cases: On the one hand, removing all environmental controls would maximize domestic energy production. On the other hand, the one guaranteed way to protect the environment from oil spills would be to stop drilling entirely. Of course, neither of these extremes is practical nor desirable. The American people depend on the government to find an appropriate middle ground, and to determine the appropriate level, type and location for drilling. An important part of these efforts can be achieved through sensible government regulation -- setting safety standards and conducting inspections. The challenge, however, is that the government is almost always at an information disadvantage relative to the oil companies. This is to be expected because the oil companies set up the rigs, know the local conditions, and generally invest many more worker hours on site analyzing the resulting data. Without access to full information, it is practically impossible for the government to know all of the decisions that are key for preventing spills. And, of course, it is vital that government regulators conduct independent inspections free of influence from the regulated companies. In the face of this information disadvantage, it is crucial that drillers face the proper economic incentives to prevent spills. This requires that oil companies be held responsible for clean-up costs and economic damages. The assignment of full liability to oil companies means that market forces will guide oil companies investment decisions and cause them to consider the full costs of potential spills in making these decisions. However, current law protects oil companies and actually provides economic incentives for spills, rather than preventing them. The 1990 Oil Pollution Act capped firms' liability for economic damages from oil spills at $75 million, not adjusted for inflation and in addition to all removal costs. My primary argument here today is that the removal, or substantial increase, of the liability cap on economic damages from oil spills is the most effective way to align oil companies' incentives with the American people's interests. It is natural to ask whether the removal of the liability cap would compromise our energy security goals by reducing U.S. production. This question cannot be answered definitively without access to data from oil, shipping, and insurance companies that is not currently in the public domain. Nevertheless if the removal of a cap were to compromise energy security goals, it could be paired with economically sound polices that promote domestic production or reduce oil consumption without putting our environmental goals at risk. Such a pairing would allow us to achieve our energy security and environmental goals.

Author : United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Coast Guard and Maritime Transportation
Publisher :
ISBN 13 :
Total Pages : 176 pages
Book Rating : 4.45/5 ( download)

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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:

Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.20/5 ( download)

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Download or read book Liability and Financial Responsibility for Oil Spills Under the Oil Pollution Act of 1990 and Related Statutes written by and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Congress. House. Committee on Merchant Marine and Fisheries. Subcommittee on Coast Guard and Navigation
Publisher :
ISBN 13 :
Total Pages : 236 pages
Book Rating : 4.66/5 ( download)

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Download or read book Certificates of Financial Responsibility Under the Oil Pollution Act 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 1992 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Department of Transportation
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.81/5 ( download)

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Download or read book Oil Pollution Liability and Financial Responsibility written by United States. Department of Transportation and published by . This book was released on 1971 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Congress. House. Committee on Merchant Marine and Fisheries. Subcommittee on Coast Guard and Navigation
Publisher :
ISBN 13 :
Total Pages : 370 pages
Book Rating : 4.11/5 ( download)

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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:

Author : United States. Coast Guard
Publisher :
ISBN 13 :
Total Pages : 770 pages
Book Rating : 4.90/5 ( download)

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Download or read book Oil Pollution Liability and Financial Responsibility: Legal, economic and technical aspects of liability and financial responsibility as related to oil pollution : a study performed for the United States Coast Guard ...by the Program of Policy Studies in Science and Technology, George Washington University written by United States. Coast Guard and published by . This book was released on 1970 with total page 770 pages. Available in PDF, EPUB and Kindle. Book excerpt: