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Private Sector Cleanup Expenditures And Transaction Costs At 18 Superfund Sites
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Book Synopsis Private-sector Cleanup Expenditures and Transaction Costs at 18 Superfund Sites by : Lloyd S. Dixon
Download or read book Private-sector Cleanup Expenditures and Transaction Costs at 18 Superfund Sites written by Lloyd S. Dixon and published by RAND Corporation. This book was released on 1993 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report will be of interest to those evaluating Superfund's liability-based approach to cleaning up the thousands of abandoned or inactive sites across the U.S. that are contaminated with hazardous substances.
Book Synopsis The Total Costs of Cleaning Up Nonfederal Superfund Sites by :
Download or read book The Total Costs of Cleaning Up Nonfederal Superfund Sites written by and published by DIANE Publishing. This book was released on 1994-03 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes the future costs to the public and private sectors that can be expected under Superfund's current policies. Includes glossary of Superfund terms. Charts and tables.
Book Synopsis The Total Costs of Cleaning Up Nonfederal Superfund Sites by : Perry Beider
Download or read book The Total Costs of Cleaning Up Nonfederal Superfund Sites written by Perry Beider and published by . This book was released on 1994 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Footing the Bill for Superfund Cleanups by : Katherine N. Probst
Download or read book Footing the Bill for Superfund Cleanups written by Katherine N. Probst and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the difficulties associated with Superfund—the federal government's program for cleaning up toxic waste sites in the United States—is the poor understanding we have about who is actually bearing its costs. While it is known that the tax on chemical and petroleum feedstocks raises about $570 million annually for the Superfund Trust Fund and the corporate environmental tax raises another $460 millino each year, further reliable data are only now becoming available. Researchers are beginning to understand how much potentially responsible parties and their insurers are spending on both transaction costs and on-site cleanups. Unfortunately, this is only the first part of the puzzle. Ultimately, these costs are borne by individuals--as consumers of the products or services provided or as share- or bond-holders, employees, or managers of the company. To date, no one has attempted to estimate the distribution of initial costs under the Superfund liability system or examined carefully the indirect effects of the costs of the Superfund program on other industries. In this book, the authors develop information on who pays the costs and who bears the burden under the current liability scheme in Superfund on a site-by-site basis. They look at short-term financial implications of changes in liability and taxes on key sectors affected by Superfund: chemicals, oil, mining, wood preserving, and commercial property-casualty insurers. They analyze the incidence of different taxing mechanisms and compare and contrast the financial effects on specific industries of the current Superfund program and of several alternative lability and tax-based funding mechanisms available. The alternative liability approaches examined include a scenario in which liability is eliminated for all sites created before Superfund was enacted, as well as a scenario in which parties are released from liability at sites where municipal and industrial wastes were codisposed. Because any change in liability will require a corollary change in trust fund revenues, the authors also assess the economic implications of a variety of taxes that could be used to finance the creation of a larger trust fund for site cleanups. These include an increase in the corporate environmental tax and the implemenation of new taxes, such as an excise tax on commercial insurance. Don Fullerton is a professor of economics and public policy at Carnegie Mellon, H. John Heinz III School of Public Policy and Management. Robert E. Litan, is a senior fellow at Brookings, and formerly was deputy assistant attorney general in the Antitrust Division of the U.S. Department of Justice. Paul R. Portney is vice president and senior fellow at resources for the Future. Katherine N. Probst is a fellow in the Center for Risk Management at Resources for the Future.
Download or read book Superfund written by Lloyd S. Dixon and published by . This book was released on 1993 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Analyzing Superfund by : Richard L. Revesz
Download or read book Analyzing Superfund written by Richard L. Revesz and published by Routledge. This book was released on 2016-03-17 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1995, Analyzing Superfund outlines the key issues of the superfund reauthorization debate in the United States. The Superfund law faced criticism for being wasteful, inefficient and expensive. These papers sought to shed light on this argument in relation to clean-up standards, the liability regime, transaction costs and natural resource damage. This title will be of interest to students of Environmental Studies and professionals
Author :United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Waste Control, and Risk Assessment Publisher : ISBN 13 : Total Pages :910 pages Book Rating :4.F/5 ( download)
Book Synopsis Superfund Reassessment and Reauthorization by : United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Waste Control, and Risk Assessment
Download or read book Superfund Reassessment and Reauthorization written by United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Waste Control, and Risk Assessment and published by . This book was released on 1996 with total page 910 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Recycling, and Solid Waste Management Publisher : ISBN 13 : Total Pages :932 pages Book Rating :4.3/5 (121 download)
Book Synopsis Superfund Reauthorization by : United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Recycling, and Solid Waste Management
Download or read book Superfund Reauthorization written by United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Recycling, and Solid Waste Management and published by . This book was released on 1994 with total page 932 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Cleaning Up the Mess by : Thomas W. Church
Download or read book Cleaning Up the Mess written by Thomas W. Church and published by Brookings Institution Press. This book was released on 2001-05-16 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: The federal Superfund program for cleaning up America's inactive toxic waste sites is noteworthy not only for its enormous cost - $15.2 billion has been authorized thus far - but also for its unique design. The legislation that created Superfund provided the Environmental Protection Agency with a diverse set of policy tools. Preeminent among them is a civil liability scheme that imposes responsibility for multimillion dollar cleanups on businesses and government units linked - even tangentially - to hazardous waste sites. Armed with this potent policy implement, the agency can order the parties who are legally responsible for the toxic substances at a site to clean it up, with large fines and damages for failure to comply. EPA can also offer conciliatory measures to bring about voluntary, privately financed cleanup; or it can launch a cleanup initially paid for by Superfund and later force the responsible parties to reimburse the government. In this book, Thomas W. Church and Robert T. Nakamura provide the first in-depth study of Superfund operations at hazardous waste sites. They examine six Superfund cleanups, including three regions and both 'hard' and 'easy' sites, to ask 'what works?' Based on detailed case studies, the book describes various strategies that have been applied by government regulators and lawyers and the responses to those different strategies by businesses and local government officials. The authors characterize the implementation strategies used by the EPA as prosecution, accommodation, and public works. They point out that the choice of strategy involves setting priorities among Superfund's competing objectives. They conclude that the best implementation strategy is one that considers the context of each site and the particular priorities in each case. Looking toward the reauthorization of Superfund, they also offer recommendations for improvements in the organization of the program and discuss proposals for change in its
Author :United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Water Resources and Environment Publisher : ISBN 13 : Total Pages :1512 pages Book Rating :4.3/5 (121 download)
Book Synopsis Superfund Reauthorization by : United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Water Resources and Environment
Download or read book Superfund Reauthorization written by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Water Resources and Environment and published by . This book was released on 1996 with total page 1512 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Superfund and Transaction Costs by : Jan Paul Acton
Download or read book Superfund and Transaction Costs written by Jan Paul Acton and published by . This book was released on 1992 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lloyd Dixon, a RAND economist, recently testified before the U.S. House of Representatives Committee on Public Works and Transportation regarding transaction costs involved in the cleanup of hazardous waste sites. Transaction costs are those that do not contribute directly to the understanding or cleanup of a site. Insurer transaction costs, he stated, were high: 88% of the total expenditures. They were split between coverage disputes and defense of policyholders. For large firms who were potentially responsible parties (PRPs), transaction costs, primarily for legal counsel, averaged 21% of total outlays, but decreased proportionally as cleanup progressed. These costs varied across sites, averaging 7% of the total where only a single PRP was involved and 39% were multiple PRPs were. Dixon concluded his testimony by suggesting that these facts may not tell much about the future, since insurance coverage issues are still unresolved, PRPs involved in cleanup may yet sue non-participating PRPs, and insurers may pursue their reinsurers as their own losses mount.
Book Synopsis Superfund: Legal Expenses for Cleanup-Related Activities of Major U.S. Corporations by :
Download or read book Superfund: Legal Expenses for Cleanup-Related Activities of Major U.S. Corporations written by and published by . This book was released on 1994 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under the Environmental Protection Agency's (EPA) Superfund program, the parties responsible for hazardous waste sites that are contaminating the environment are liable for the costs of cleaning up the sites. Responsible parties can include generators of hazardous waste deposited at the sites, transporters of the waste, and site owners and operators. In addition to paying for cleanup expenses, responsible parties also incur legal costs to allocate the cleanup expenses among themselves, to settle with the government, or to litigate liability for cleanups. Responsible parties have complained that the costs of these activities-called transaction costs-are high and represent too large a portion of their total Superfund expenditures. However, limited data have been collected on these transaction costs. To help fill this gap, you asked us to survey the Fortune 500 Industrial and Fortune 500 Service corporations' to determine how much responsible parties have spent for cleanup and legal costs at Superfund sites and to identify the factors that these parties believe have increased and decreased their legal costs. Approximately two-thirds of these 1,000 corporations responded to our survey, and about half of the respondents said that they had been involved at Superfund sites. (See app. I for a detailed discussion of our objectives, scope, and methodology.).
Author :United States. Congress. Senate. Committee on Environment and Public Works Publisher : ISBN 13 : Total Pages :912 pages Book Rating :4.3/5 (121 download)
Book Synopsis Accelerated Cleanup and Environmental Restoration Act by : United States. Congress. Senate. Committee on Environment and Public Works
Download or read book Accelerated Cleanup and Environmental Restoration Act written by United States. Congress. Senate. Committee on Environment and Public Works and published by . This book was released on 1996 with total page 912 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Superfund by : United States. General Accounting Office
Download or read book Superfund written by United States. General Accounting Office and published by . This book was released on 1995 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Water Resources and Environment Publisher : ISBN 13 : Total Pages :706 pages Book Rating :4.3/5 (121 download)
Book Synopsis H.R. 3800, the Superfund Reform Act of 1994, and Issues Related to Reauthorization of the Federal Superfund Program by : United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Water Resources and Environment
Download or read book H.R. 3800, the Superfund Reform Act of 1994, and Issues Related to Reauthorization of the Federal Superfund Program written by United States. Congress. House. Committee on Public Works and Transportation. Subcommittee on Water Resources and Environment and published by . This book was released on 1994 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Managing Environmental Risk Through Insurance by : Paul K. Freeman
Download or read book Managing Environmental Risk Through Insurance written by Paul K. Freeman and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can insurance be used as a means to obtain compliance with environmental policy? Answering this question requires examination of a broad mosaic of academic issues, including current systems available for providing compensation and deterrence, use of contracts (including insurance) as substitutes for tort law, limitations of regulatory policy-making by government agencies, pre-conditions for creation of insurance products, and market mechanisms necessary for insurance to be purchased or sold. The purpose of Managing Environmental Risk Through Insurance is to highlight the potential role that insurance and performance standards can play in managing environmental risk. Insurance can play a significant role in dealing with one of the most problematic issues facing society today - how to compensate for environmental exposures. This book analyzes the ability of insurance to play a role in managing environmental risk. It begins by outlining the role insurance plays in society in contrast to other societal tools for addressing risk: government benefit programs and imposition of involuntary liability using the court system. By so doing, the book describes the comparative advantages of insurance. The book then analyzes the insurability of the risks. Finally, the book applies the insurability analysis to three concrete environmental examples.
Author :United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Recycling, and Solid Waste Management Publisher : ISBN 13 : Total Pages :548 pages Book Rating :4.3/5 (91 download)
Book Synopsis Superfund Reform Act of 1994 by : United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Recycling, and Solid Waste Management
Download or read book Superfund Reform Act of 1994 written by United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Recycling, and Solid Waste Management and published by . This book was released on 1994 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt:
