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Oil spill costs can be shared through a combination of liability frameworks, insurance mechanisms, and government support. Companies responsible for the spill typically bear the primary costs, but they can also utilize insurance to mitigate financial impacts. Additionally, governments may establish funds for environmental restoration and public health expenses, allowing for shared responsibility among stakeholders, including taxpayers and the oil industry. Collaborative efforts and international agreements can further distribute costs and promote accountability.
What else can I help you with?
What are facts about oil spill?
The oil spill kills millions of species of fish and birds and poisons their natural habitat.It costs millions to clean up after an oil spill.
How do you get oil spill in the ocean?
It could spill out of a tanker (Exxon Valdez), it could be from a wrecked oil derrick (BP Gulf Oil Spill).
What would be the clean-up costs for an oil spill in water?
It would depend on the extent of the oil spill. If it is a major spill in the ocean then it would cost a bomb.
Where was odyssey oil spill located?
if a ship or anything is damaged that has oil in it that could cause a oil spill.
What birds are in danger from the gulf oil spill?
Really any bird that is near the oil spill is because their food could be coated in oil and when they fish they could get oil on their feathers
What could be the devastation of an oil spill?
well....the devastation of the oil spill could be dead animals,oil fights (if we lost to to much),and an unsafe ocean. (i am 12 years old )
What could happen to your shores after the oil spill?
oil would fill the lands
Who has been blamed for the oil spill?
The U.S. Government has named BP as the responsible party in the incident, and officials have said the company will be held accountable for all cleanup costs resulting from the oil spill.
Will they fix the oil spill?
I hope they do. The human race could die of this.===================================Will Who fix What oil spill? Please ask questions that are more specific.
When was the last oil spill?
the last oil spill was the oil spill in the Gulf Of Mexico
Examples of economic decisions?
the oil spill could be 1
Could the Mexican oil spill have been prevented?
The Mexican oil spill could have been prevented. All oil spills could have been prevented if it weren't for careless people! An automatic switch should have been installed on the inside of the pipe.
