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The Oil Spill Liability Trust Fund (OSLTF) & the Oil Pollution Act of 1990
Where the hell is all of the money?
Since the mid 1986, there has been a fund, collected from a tax on each barrel of oil produced or imported into the USA. The oil company is liable for the first $75 million, then this fund kicks in.
This money is supposed to be used to clean up oil spills, JUST LIKE THIS ONE. We've been paying into this, where is the money? Is it all spent, on other stuff?
BP is, by law, liable for $75 million. The rest is supposed to come from this tax supported fund. Why is no one talking about this fund?
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James
The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994)
Red-beard for President, 2020
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