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Provedor de dados:  AgEcon
País:  United States
Título:  Global Compensation for Oil Pollution Damages: The Innovations of The American Oil Pollution Act
Autores:  Boyd, James
Data:  2005-10-26
Ano:  2004
Palavras-chave:  Oil Pollution Act
Natural resource damages
Environmental liability
Financial assurance
Financial responsibility
Valuation
Farm Management
K13
K32
Q38
Resumo:  Via technology and operations standards, U.S. regulation exerts an important influence over worldwide marine safety standards. But in addition, several other aspects of U.S. law deserve wider international consideration and adoption. First, the Oil Pollution Act's natural resource damage provisions are an innovative and effective way to deter marine pollution and provide for the restoration of injured ecological resources. Second, the relatively strict financial requirements imposed on marine transporters help ensure that polluters, rather than the public, pay if damage is caused. Liability and financial responsibility rules are not unknown in other countries. But the United States has a longer history with implementation and applies its rules more expansively. As both environmental concerns and global marine trade flows increase, U.S. experience with these rules will be instructive to other nations contemplating oil pollution reforms.
Tipo:  Working or Discussion Paper
Idioma:  Inglês
Identificador:  18690

http://purl.umn.edu/10691
Editor:  AgEcon Search
Relação:  Resources for the Future>Discussion Papers
Discussion Paper 04-36
Formato:  35

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