Oil Pollution Liability and Compensation Act to 1987. House of Representatives, One Hundredth Congress, First Session, August 4, 1987
Book
·
OSTI ID:5921542
The House Committee on Merchant Marine and Fisheries estimates the costs of H.R. 1632, a comprehensive liability and compensation bill to cover oil spills, in terms of both revenue and spending effects. Revenue from a 1.3 cents per barrel crude oil tax on deliveries to refineries and imports would rise from $25 million in 1988, peak at $84 million in 1990, then decline to $27 million in 1992. Outlays for cleanup costs and compensation would be about $5 million a year in the absence of a major spill. The bill limits federal outlays for a catastrophic spill to $30 million and tax collections to a cumulative maximum of $300 million.
- OSTI ID:
- 5921542
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
02 PETROLEUM
020900* -- Petroleum-- Environmental Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290300 -- Energy Planning & Policy-- Environment
Health
& Safety
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002 -- Energy Planning & Policy-- Petroleum
520600 -- Environment
Aquatic-- Regulations -- (-1989)
54 ENVIRONMENTAL SCIENCES
COST
ECONOMIC IMPACT
EXPENDITURES
GOVERNMENT POLICIES
INCOME
LIABILITIES
OIL SPILLS
POLLUTION
VICTIMS COMPENSATION
WATER POLLUTION
020900* -- Petroleum-- Environmental Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290300 -- Energy Planning & Policy-- Environment
Health
& Safety
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002 -- Energy Planning & Policy-- Petroleum
520600 -- Environment
Aquatic-- Regulations -- (-1989)
54 ENVIRONMENTAL SCIENCES
COST
ECONOMIC IMPACT
EXPENDITURES
GOVERNMENT POLICIES
INCOME
LIABILITIES
OIL SPILLS
POLLUTION
VICTIMS COMPENSATION
WATER POLLUTION