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Author :
Publisher : DIANE Publishing
ISBN 13 : 1437984606
Total Pages : 33 pages
Book Rating : 4.4/5 (379 download)
Download or read book Deepwater Horizon Oil Spill: Update on Federal Financial Risks and Claims Processing written by and published by DIANE Publishing. This book was released on with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States Government Accountability Office
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781983758614
Total Pages : 34 pages
Book Rating : 4.7/5 (586 download)
Download or read book Deepwater Horizon Oil Spill written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-01-11 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deepwater Horizon Oil Spill: Update on Federal Financial Risks and Claims Processing
Author : United States Government Accountability Office
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781983605499
Total Pages : 64 pages
Book Rating : 4.6/5 (54 download)
Download or read book Deepwater Horizon Oil Spill written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-01-08 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deepwater Horizon Oil Spill: Actions Needed to Reduce Evolving but Uncertain Federal Financial Risks
Author : U.s. Government Accountability Office
Publisher :
ISBN 13 : 9781974550449
Total Pages : 64 pages
Book Rating : 4.5/5 (54 download)
Download or read book Deepwater Horizon Oil Spill written by U.s. Government Accountability Office and published by . This book was released on 2017-08-14 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In April 20, 2010, an explosion of the Deepwater Horizon oil rig leased by BP America Production Company (BP) resulted in a significant oil spill. GAO was requested to (1) identify the financial risks to the federal government resulting from oil spills, particularly Deepwater Horizon, (2) assess the Coast Guard's internal controls for ensuring that processes and payments for spill-related cost reimbursements and claims related to the spill are appropriate, and (3) describe the extent to which the federal government oversees the BP and Gulf Coast Claims Facility cost reimbursement and claims processes. We issued status reports in November 2010 and April 2011. This is the third and final report related to these objectives. We obtained and analyzed data on costs incurred from April 2010 through May 2011 and claims submitted and processed from September 2010 through May 2011. We reviewed relevant policies and procedures, interviewed officials and staff at key federal departments and agencies, and tested a sample of claims processed and cost reimbursements paid for compliance with internal controls. "
Author : Office, U.s. Government Accountability
Publisher :
ISBN 13 : 9781974621002
Total Pages : 58 pages
Book Rating : 4.6/5 (21 download)
Download or read book Deepwater Horizon Oil Spill written by Office, U.s. Government Accountability and published by . This book was released on 2017-08-16 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: " Since theDeepwater Horizon oil spill, a number of related legislative proposals have been introduced. Forexample, in May 2010, the administration made several proposals including increasing the capson payments from the Fund and obtaining express authority to oversee Responsible Paclaims proceThe objectives of this study were to provide a preliminary assessment of (1) financial risks andexposures to the Fund and the federal government as a result of the Deepwater Horizon oil spill,and (2) Coast Guard's NPFC cost reimbursement policies and procedures for DeepwaterHorizon oil spill costs. In addition, we provide a description of the framework for federalmonitoring and oversight efforts over the Responsible Parties for the Deepwater Horizon oilspill, including federal efforts to oversee BP's and GCCF's Deepwater Horizon oil spill claimspayments. This product is the first of a planned body of work to evaluate and assess the federalrisks and exposures resulting from the Deepwater Horizon oil spill. Our follow on work is toinclude assessing and testing NPFC Fund reimbursement policies and procedures and analyzingthe framework for federal monitoring and oversight efforts over the Responsible Parties for theDeepwater Horizon oil spill.Scope and MethodologyTo identify and provide a preliminary assessment of the financial risks to the Fund and thefederal government as a result of the Deepwater Horizon oil spill, we identified and analyzedapplicable laws and regulations and reviewed our previous work on the cost of oil spills toidentify statutory and regulatory limitations on the liability of Responsible Parties that may posefinancial risks to the Fund and federal government to the extent that Deepwater Horizon oil spillclaims exceed such limits.6To provide a preliminary assessment of the design of NPFC's reimbursement process, weinterviewed NPFC officials, performed walkthroughs, and conducted a review of NPFC'sdocumented policies and procedures. We a..."
Author : United States. Government Accountability Office
Publisher :
ISBN 13 :
Total Pages : 57 pages
Book Rating : 4.:/5 (758 download)
Download or read book Deepwater Horizon Oil Spill written by United States. Government Accountability Office and published by . This book was released on 2011 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: On April 20, 2010, an explosion of the Deepwater Horizon oil rig leased by BP America Production Company (BP) resulted in a significant oil spill. GAO was requested to (1) identify the financial risks to the federal government resulting from oil spills, particularly Deepwater Horizon, (2) assess the Coast Guard's internal controls for ensuring that processes and payments for spill-related cost reimbursements and claims related to the spill are appropriate, and (3) describe the extent to which the federal government oversees the BP and Gulf Coast Claims Facility cost reimbursement and claims processes. We issued status reports in November 2010 and April 2011. This is the third and final report related to these objectives. We obtained and analyzed data on costs incurred from April 2010 through May 2011 and claims submitted and processed from September 2010 through May 2011. We reviewed relevant policies and procedures, interviewed officials and staff at key federal departments and agencies, and tested a sample of claims processed and cost reimbursements paid for compliance with internal controls. GAO is (1) reiterating that Congress may want to consider setting a Fund cap per incident based upon net expenditures, (2) presenting a new matter concerning extending the barrel tax used to finance federal oil spill responses to sustain program funding, and (3) making a recommendation to improve procedures for future significant spills.
Author : Denis A. Michaels
Publisher : Nova Science Publishers
ISBN 13 : 9781619424999
Total Pages : 0 pages
Book Rating : 4.4/5 (249 download)
Download or read book Deepwater Horizon written by Denis A. Michaels and published by Nova Science Publishers. This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. The extent of financial risks to the federal government from the Deepwater Horizon is closely tied to BP and the other responsible parties. This book identifies the financial risks to the federal government resulting from the Deepwater Horizon oil spill; and assesses the Coast Guard's internal controls for ensuring that processes and payments for spill-related cost reimbursements and claims related to the spill are appropriate. Also discussed is the extent to which the federal government oversees the BP and Gulf Coast Claims Facility cost reimbursement and claims processes.
Author : Rawle O. King
Publisher : DIANE Publishing
ISBN 13 : 1437937101
Total Pages : 24 pages
Book Rating : 4.4/5 (379 download)
Download or read book Deepwater Horizon Oil Spill Disaster written by Rawle O. King and published by DIANE Publishing. This book was released on 2010-11 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The April 2010 Deepwater Horizon oil spill disaster in the Gulf of Mexico was the largest spill to have occurred in U.S. waters. The 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. Contents of this report: (1) Intro.; (2) The Deepwater Horizon Oil Spill Incident; (3) The Offshore Energy Exploration and Production Business: Risk Management and the Demand for Insurance; (4) Offshore Energy Insurance Market; (5) Compensating Oil Pollution Victims; (6) Policy Issues. Illus.
Author : Jonathan L. Ramseur
Publisher : DIANE Publishing
ISBN 13 : 143798343X
Total Pages : 27 pages
Book Rating : 4.4/5 (379 download)
Download or read book Liability and Compensation Issues Raised by the 2010 Gulf Oil Spill written by Jonathan L. Ramseur and published by DIANE Publishing. This book was released on 2011-06 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2010 Deepwater Horizon (DH) incident produced the largest oil spill that has occurred in U.S. waters, releasing more than 200 million gallons into the Gulf of Mexico. BP has estimated the combined oil spill costs will be approx. $41 billion. The DH oil spill raised many issues for policymakers, incl. the ability of the existing oil spill liability and compensation framework to respond to a catastrophic spill. Contents of this report: (1) Intro.; (2) Existing Liability and Compensation Framework: Responsible Party; Liability Limits; Financial Responsibility; The Oil Spill Liability Trust Fund; Compensation or Claims Process; (3) Issues for Policymakers: Liability Limits; Per-Incident Cap; Level of Funding; Claims Process. This is a print on demand report.
Author : U S Government Accountability Office (G
Publisher : BiblioGov
ISBN 13 : 9781289119225
Total Pages : 66 pages
Book Rating : 4.1/5 (192 download)
Download or read book Deepwater Horizon Oil Spill written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.
Author : U. S. Government Accountability Office (
Publisher : BiblioGov
ISBN 13 : 9781289115333
Total Pages : 60 pages
Book Rating : 4.1/5 (153 download)
Download or read book Deepwater Horizon Oil Spill written by U. S. Government Accountability Office ( and published by BiblioGov. This book was released on 2013-06 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.
Author : Susan Ragland
Publisher :
ISBN 13 :
Total Pages : 55 pages
Book Rating : 4.:/5 (13 download)
Download or read book Deepwater Horizon Oil Spill written by Susan Ragland and published by . This book was released on 2010 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling
Publisher :
ISBN 13 :
Total Pages : 82 pages
Book Rating : 4.3/5 (243 download)
Download or read book Deep Water written by United States. National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling and published by . This book was released on 2011 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Synopsis: On April 20, 2010, the Macondo well blew out, costing the lives of 11 men, and beginning a catastrophe that sank the Deepwater Horizon drilling rig and spilled over 4 million barrels of crude oil into the Gulf of Mexico. The spill disrupted an entire region's economy, damaged fisheries and critical habitats, and brought vividly to light the risks of deepwater drilling for oil and gas-the latest frontier in the national energy supply. Soon after, President Barack Obama appointed a seven-member Commission to investigate the disaster, analyze its causes and effects, and recommend the actions necessary to minimize such risks in the future. The Commission's report offers the American public and policymakers alike the fullest account available of what happened in the Gulf and why, and proposes actions-changes in company behavior, reform of government oversight, and investments in research and technology-required as industry moves forward to meet the nation's energy needs. Complementary reports, staff background papers, hearing records, and other materials produced by the Commission are available at www.oilspillcommission.gov.
Author : United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security
Publisher :
ISBN 13 :
Total Pages : 164 pages
Book Rating : 4.:/5 (318 download)
Download or read book The Gulf of Mexico Oil Spill written by United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security and published by . This book was released on 2011 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 : 9780314280060
Total Pages : 0 pages
Book Rating : 4.2/5 (8 download)
Download or read book The Ongoing Legal Effects of the BP Oil Spill written by and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the BP Deepwater Horizon Oil Spill occurred in April of last year, there has been an onslaught of litigation, including claims by individuals, businesses, and local governments; as well as wrongful death actions brought by the families of the lost platform workers. The economic and environmental impact of the Gulf Coast oil disaster has been wide in scope and affected many. Even now, more than a year later, it is difficult to tell what the ultimate consequences will be. How will the spill impact the future of oil drilling? Has the Gulf Coast Claims Facility been successful thus far? What can attorneys do to better assist their clients in pending litigation? The Ongoing Legal Effects of the BP Oil Spill provides feedback from some of the nations leading legal minds on handling the unique aspects of spill litigation and taking a boots-on-the-ground approach with clients. These experts also discuss parallels between the Exxon Valdez spill and the Deepwater Horizon disaster, and speculate on how a recurrence might be avoided in the future. This report offers readers an on-the-spot look at the issue as it continues to unfold.
Author : Denis A. Michaels
Publisher :
ISBN 13 : 9781619425071
Total Pages : 135 pages
Book Rating : 4.4/5 (25 download)
Download or read book Deepwater Horizon written by Denis A. Michaels and published by . This book was released on 2012 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Curry L. Hagerty
Publisher : DIANE Publishing
ISBN 13 : 1437934730
Total Pages : 51 pages
Book Rating : 4.4/5 (379 download)
Download or read book Deepwater Horizon Oil Spill written by Curry L. Hagerty and published by DIANE Publishing. This book was released on 2010-10 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: On April 20, 2010, an explosion and fire occurred on the Deepwater Horizon drilling rig in the Gulf of Mexico (GoM). This resulted in 11 worker fatalities, a massive oil release, and a national response effort in the GoM region by the federal and state governments as well as BP. Contents of this report: (1) Intro.; (2) Setting in the GoM: Oil and Gas Recovery; Weather and Ocean Currents; Biological Resources; (3) Offshore Oil and Gas Drilling Technology; (4) Fed. Statutory Framework; (5) Fed. Regulatory Framework; (6) Environmental and Economic Impacts; (7) Labor Issues; (8) Reorganization of Minerals Mgmt. Service; (9) FEMA Issues; Exxon Valdez; Recent Regional Disaster History; (10) Conclusion. Charts and tables.
