Changing the Incentives

Posted on October 1, 2010 by Vorys

The LAT is reporting that an advisory group appointed by President Obama is recommending that monies collected through penalties and fines related to the Deepwater Horizon oil spill should be distributed to a Gulf Coast Restoration Council that would include state and federal authorities.  "Under current law, penalties levied against BP and others for violating the Clean Water Act would go into the Oil Spill Liability Trust Fund, to be used in any future oil spills."  Changes the motivations for seeking penalties ...

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