Protection of marine resources: the US Oil Pollution Act of 1990 and the future of the maritime industry
AbstractMedia coverage of 1989 Exxon Valdez oil spill in US coastal waters enhanced public awareness of marine pollution and made Alaskan natural resources valuable for more individuals. Consequently, political pressures led the US Congress to enact comprehensive legislation - the Oil Pollution Act of 1990 (OPA90), with the aim of reducing the number and the volume of accidental oil spills and also minimizing damage to marine and coastal natural resources. A methodology is proposed which incorporates the impact of oil pollution regulations, public awareness, navigational risk and oil spills on the cost of oil transfer to maritime industry. Estimated benefit-cost ratios of OPA90 regulations such as the double hull requirement and vessel response plans are found to be less than one even when natural resources are valued at post-Exxon Valdez levels.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Marine Policy.
Volume (Year): 19 (1995)
Issue (Month): 5 (September)
Contact details of provider:
Web page: http://www.elsevier.com/locate/marpol
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- van 't Veld, Klaas, 2006. "Hazardous-industry restructuring to avoid liability for accidents," International Review of Law and Economics, Elsevier, vol. 26(3), pages 297-322, September.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.