Search for: "OIL SPILL LIABILITY TRUST FUND"
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3 May 2011, 12:41 pm
” Of the $25 million penalty, $20.05 million will be deposited in the Oil Spill Liability Trust Fund. [read post]
5 Jul 2022, 9:00 am
In 2017, the United States sued ERR under the OPA for removal costs it had paid from the Oil Spill Liability Trust Fund (the “Fund”) to Oil Mop LLC, a spill-response service provider. [read post]
14 Jun 2010, 7:15 pm
Even if the Oil Spill Liability Trust Fund were allowed to be tapped for compensation benefits, years of delay over litigation would exist before payments were actually made to victims. [read post]
22 Sep 2010, 3:54 pm
S.3473 : A bill to amend the Oil Pollution Act of 1990 to authorize advances from Oil Spill Liability Trust Fund for the Deepwater Horizon oil spill.Sponsor: Sen Reid, Harry [NV] (introduced 6/9/2010) Cosponsors (None) Latest Major Action: Became Public Law No: 111-191 [GPO: Text, PDF]S.3372 : A bill to modify the date on which the Administrator of the Environmental Protection Agency and applicable States may require permits for… [read post]
14 Jun 2010, 3:45 pm
It's a bad oil spill that has no winners. [read post]
6 May 2010, 2:47 pm
The oil industry, like the financial industry, asked the citizens that populate the Gulf coast to trust them with our most valuable resource and they breached that trust. [read post]
8 Apr 2012, 1:48 pm
Funds remaining in the trust fund will also be used to compensate state and local governments as well as pay for natural resource damages, judgments, and other settlements. [read post]
6 May 2010, 6:57 am
In addition, Day points out that if the bulk of the clean up and damages are covered from the Oil Spill Liability Trust Fund, then consumers will be the ones actually paying the bill: Thus, if the oil damages the coastline, the damages will be hundreds and hundreds of millions, the vast majority of it paid for by consumers who paid the tax on oil, and not the company that negligently created the harm. [read post]
13 Apr 2020, 8:39 am
Parties should also note the importance of seeking relief from the Oil Spill Liability Trust Fund in a timely fashion. [read post]
11 May 2010, 7:38 am
Title I of the OPA broadened the scope of damages for which polluters are liable and authorized up to $1 billion for the Oil Spill Liability Trust Fund (OSLTF). [read post]
19 May 2010, 12:14 pm
Claims for Personal Injuries are not covered by the Oil Spill Liability Trust Fund (OSLTF). [read post]
26 May 2010, 10:35 am
Federal and state agencies are expected to do likewise, as well as tap the Oil Spill Liability Trust Fund, which taxes the petroleum industry to help clean up its spills. [read post]
8 Sep 2014, 4:51 pm
Funds from the federal Oil Spill Liability Trust Fund were used to hire diving and salvage crews to assist in the cleanup. [read post]
2 Oct 2008, 3:19 pm
Increase and extension of Oil Spill Liability Trust Fund tax.* Sec. 309. [read post]
14 Jun 2010, 6:25 am
The Oil Pollution Act of 1990 (signed in response to the Exxon/Valdez spill) allows the government to use the Oil Spill Liability Trust Fund (OSLTF) for a number of things, including payment for uncompensated removal costs and damages. [read post]
16 Mar 2010, 10:12 am
Under the settlement filed in federal court in Columbia, S.C., Norfolk Southern will be required to pay a civil penalty of $3,967,500 for the alleged CWA violations, to be deposited in the federal Oil Spill Liability Trust Fund. [read post]
2 Aug 2012, 10:53 am
While the BP oil spill in the gulf and the Penn State scandal are very different disasters, they both have a few important similarities. [read post]
2 Aug 2012, 10:53 am
While the BP oil spill in the gulf and the Penn State scandal are very different disasters, they both have a few important similarities. [read post]
24 Oct 2011, 1:10 pm
” Here’s GAO’s summary: In Process Both the individual circumstances of the Deepwater Horizon incident, as well as the overall framework for how the federal government responds to oil spills, present a mix of evolving, but as yet uncertain, financial risks to the federal government and its Oil Spill Liability Trust Fund (Fund). [read post]
14 Jun 2010, 12:00 pm
Once the amount owed by the responsible parties is exhausted, the US government is then responsible for up to $1 billion per spill; paid from the Oil Spill Liability Trust Fund. [read post]
