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The Financial Impact of the Oil Pollution Act: Do the Penalties Resulting from Oil Spills Fulfill the Purpose of the OPA?
by Melissa Keever Abstract This paper explores the financial impact of the Oil Pollution Act (OPA) on oil companies for oil spills. Total penalty per barrel, including civil and criminal penalties, and total cost per barrel for oil spills are analyzed prior OPA and post OPA. Difference-in-differences estimation is used to determine if penalties and […]
