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Gulf Oil Spill of 2010 - Liability & Damage Issues (Hardcover, New)
Loot Price: R2,524
Discovery Miles 25 240
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Gulf Oil Spill of 2010 - Liability & Damage Issues (Hardcover, New)
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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.
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