Analysis of Environmental and Economic Damages from British Petroleum’s Deepwater Horizon Oil Spill

Smith, Lawrence C.; Smith, Murphy; Ashcroft, Paul

doi:10.2139/ssrn.1653078

Cited by 56 publications

(58 citation statements)

References 3 publications

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“…Assaf et al 1986;Carson et al 2003;McCammon 2003;Peterson et al 2003;Garza et al 2009;Loureiro et al 2009;Fourcade 2011 Real estate "Pure stigma" losses that devalue coastal or regional properties due to adjacency to the spill. Grigalunas et al 1986;Oxford Economics 2010;Smith et al 2010;Cheong 2012;Pickrell 2012 Financial sector Lending and credit markets can be affected by defaults from impacted businesses. Shareholders may lose value from falling share prices.…”

Section: Appendix 1 Key Variables In Oil Spill Impact Frameworkmentioning

confidence: 99%

“…The economy may experience inflation. 1983;Moncrieff and Simpson 1993;Palinkas et al 1993;Smith et al 2010 Legal and research costs Oil spills require interventions by the legal profession to negotiate claims, and extensive research to establish baselines and measure impacts. 1983;Law and Kelly 2004;Loureiro et al 2005;Liu and Wirtz 2006;Fourcade 2011;Minder 2012 Municipal/regional government impacts Direct administrative costs, increased demand for public services, and loss of tax revenues can strain government budgets.…”

Section: Appendix 1 Key Variables In Oil Spill Impact Frameworkmentioning

confidence: 99%

See 1 more Smart Citation

Consequences of oil spills: a review and framework for informing planning

Chang¹,

Stone²,

Demes³

et al. 2014

E&S

256

132

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ABSTRACT. As oil transportation worldwide continues to increase, many communities are at risk of oil spill disasters and must anticipate and prepare for them. Factors that influence oil spill consequences are myriad and range from the biophysical to the social. We provide a summary literature review and overview framework to help communities systematically consider the factors and linkages that would influence consequences of a potential oil spill. The focus is on spills from oil tanker accidents. Drawing primarily on empirical studies of previous oil spill disasters, we focused on several main domains of interest: the oil spill itself, disaster management, the physical marine environment, marine biology, human health, economy, and policy. Key variables that influence the severity of consequences are identified, and significant interactions between variables are delineated. The framework can be used to clarify the complexity of oil spill impacts, identify lessons that may be transferable from other oil spill disasters, develop scenarios for planning, and inform risk analysis and policy debates in localities that are seeking to understand and reduce their vulnerability to potential spill disasters. As a case study, the framework is used to consider potential oil spills and consequences in Vancouver, Canada. Major increases in oil tanker traffic are anticipated in this region, creating urgent new demands for risk information, disaster management planning, and policy responses. The case study identifies particular conditions that distinguish the Vancouver context from other historic events; in particular, proximity to a densely populated urban area, the type of oil being transported, financial compensation schemes, and local economic structure. Drawing lessons from other oil spill disasters is important but should be undertaken with recognition of these key differences. Some types of impacts that have been relatively inconsequential in previous events may be very significant in a Vancouver case.

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Section: Appendix 1 Key Variables In Oil Spill Impact Frameworkmentioning

confidence: 99%

Section: Appendix 1 Key Variables In Oil Spill Impact Frameworkmentioning

confidence: 99%

Consequences of oil spills: a review and framework for informing planning

Chang¹,

Stone²,

Demes³

et al. 2014

E&S

256

132

View full text Add to dashboard Cite

show abstract

“…Oil spills such as the DWH blowout cause ecosystem disruption [1], environmental damage [2], and negative human health effects [3]. Despite the extensive study of oil spills, there is still a large void in understanding how sunlight affects the fate and transport of oil.…”

Section: Introductionmentioning

confidence: 99%

Sunlight creates oxygenated species in water-soluble fractions of Deepwater horizon oil

Ray

Chen

Podgorski

et al. 2014

Journal of Hazardous Materials

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“…Exxon incurred costs of approximately USD16.5 billion for causing the catastrophic oil spill in Prince William Sound, Alaska (Dixon et al, 2005). The oil disaster in the Gulf of Mexico has caused BP USD32.2 billion of pre-tax charge (including USD20 billion for the Deepwater Horizon Oil Spill Trust) (Smith et al, 2010).…”

Section: The Influence Of Stakeholder Pressure On Financial and Envirmentioning

confidence: 99%

A comprehensive literature review on, and the construction of a framework for, environmental legitimacy, accountability and proactivity

Alrazi

Villiers

Staden

2015

Journal of Cleaner Production

129

145

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Analysis of Environmental and Economic Damages from British Petroleum’s Deepwater Horizon Oil Spill

Cited by 56 publications

References 3 publications

Consequences of oil spills: a review and framework for informing planning

Consequences of oil spills: a review and framework for informing planning

Sunlight creates oxygenated species in water-soluble fractions of Deepwater horizon oil

A comprehensive literature review on, and the construction of a framework for, environmental legitimacy, accountability and proactivity

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