Three Key Concepts Towards Understanding How to Manage Natural Resource Damage Liability Under the Oil Pollution Act of 1990
Bea Stong, Executive Advisor, Global Risk Solutions, Inc.
The Oil Pollution Act of 1990 (OPA) defines the liabilities that are potentially incurred by a Responsible Party (RP) — these are:
• Removal costs
• Natural Resources damage
• Real or Personal Property damage
• Loss of Subsistence Use
• Government Revenues
• Profits and Earning Capacity, and
• Public Services
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