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Valuing Oil Spill Prevention: A Case Study of California's Central Coast

By Richard T. Carson, Michael B. Conaway, W. Michael Hanemann, Jon A. Krosnick, Robert C. Mitchell, Stanley Presser
Hardcover
$169.99
By Richard T. Carson, Michael B. Conaway, W. Michael Hanemann, Jon A. Krosnick, Robert C. Mitchell, Stanley Presser

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On April 22-23, 1988, approximately 432,000 gallons of San Joaquin Valley crude oil spilled from an aboveground storage tank at a Shell Oil Company refinery into the surrounding environment, including the northern reaches of San Francisco Bay (the Martinez spill). Pursuant to the settlement of the resulting litigation (United States/California v. Shell Oil Co., No. C89-4220, (N.D. Cal1990)), Shell Oil Company provided funding for, among other things, studies to improve future response strat...

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