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Deepwater Horizon Oil Spill Disaster: Risk, Recovery, and Insurance Implications

Deepwater Horizon Oil Spill Disaster: Risk, Recovery, and Insurance Implications

Paperback

General Political Science

ISBN10: 1288663617
ISBN13: 9781288663613
Publisher: Bibliogov
Published: Jan 28 2013
Pages: 28
Weight: 0.15
Height: 0.06 Width: 7.44 Depth: 9.69
Language: English
The April 2010 Deepwater Horizon oil spill disaster in the Gulf of Mexico is now being characterized as the largest spill to have occurred in U.S. waters. As efforts to contain the current spill proceed, the likely scale of clean-up costs and third-party damages has prompted congressional review of clean-up and damage compensation mechanisms, as well as of ways to facilitate future oil spill prevention, response, and recovery. A key element is the role of insurance in ensuring that costs of spills can be financed, while at the same time enabling the continued effective and responsible functioning of offshore energy exploration and production, as well as protecting related economic interests.

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General Political Science