CRIPPLING BURDEN SEEN IN OPA

Financial requirements spawned by insurance provisions under the 1990 Oil Pollution Act (OPA) threaten to cripple the U.S. offshore oil industry, the National Petroleum Council warns. NPC has delivered an interim report on the issue to Energy Sec. Hazel O'Leary. She planned to forward it to Interior Sec. Bruce Babbitt because Interior's Minerals Management Service drafted the controversial proposed rule. Authors of the NPC study estimated the burden of the new rule would fall most

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home