The Value Of Superfund Cleanups

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Footing The Bill For Superfund Cleanups

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Author : Katherine N. Probst
language : en
Publisher: Brookings Institution Press
Release Date : 2010-12-01

Footing The Bill For Superfund Cleanups written by Katherine N. Probst and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-01 with Business & Economics categories.

One of the difficulties associated with Superfund—the federal government's program for cleaning up toxic waste sites in the United States—is the poor understanding we have about who is actually bearing its costs. While it is known that the tax on chemical and petroleum feedstocks raises about $570 million annually for the Superfund Trust Fund and the corporate environmental tax raises another $460 millino each year, further reliable data are only now becoming available. Researchers are beginning to understand how much potentially responsible parties and their insurers are spending on both transaction costs and on-site cleanups. Unfortunately, this is only the first part of the puzzle. Ultimately, these costs are borne by individuals--as consumers of the products or services provided or as share- or bond-holders, employees, or managers of the company. To date, no one has attempted to estimate the distribution of initial costs under the Superfund liability system or examined carefully the indirect effects of the costs of the Superfund program on other industries. In this book, the authors develop information on who pays the costs and who bears the burden under the current liability scheme in Superfund on a site-by-site basis. They look at short-term financial implications of changes in liability and taxes on key sectors affected by Superfund: chemicals, oil, mining, wood preserving, and commercial property-casualty insurers. They analyze the incidence of different taxing mechanisms and compare and contrast the financial effects on specific industries of the current Superfund program and of several alternative lability and tax-based funding mechanisms available. The alternative liability approaches examined include a scenario in which liability is eliminated for all sites created before Superfund was enacted, as well as a scenario in which parties are released from liability at sites where municipal and industrial wastes were codisposed. Because any change in liability will require a corollary change in trust fund revenues, the authors also assess the economic implications of a variety of taxes that could be used to finance the creation of a larger trust fund for site cleanups. These include an increase in the corporate environmental tax and the implemenation of new taxes, such as an excise tax on commercial insurance. Don Fullerton is a professor of economics and public policy at Carnegie Mellon, H. John Heinz III School of Public Policy and Management. Robert E. Litan, is a senior fellow at Brookings, and formerly was deputy assistant attorney general in the Antitrust Division of the U.S. Department of Justice. Paul R. Portney is vice president and senior fellow at resources for the Future. Katherine N. Probst is a fellow in the Center for Risk Management at Resources for the Future.

Coalition On Superfund Research Report

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Author : Center for Hazardous Waste Management (IIT Research Institute)
language : en
Publisher:
Release Date : 1989

Coalition On Superfund Research Report written by Center for Hazardous Waste Management (IIT Research Institute) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Environmental policy categories.

Superfund Cleanup Acceleration Act Of 1998

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Author : United States. Congress. Senate. Committee on Environment and Public Works
language : en
Publisher:
Release Date : 1998

Superfund Cleanup Acceleration Act Of 1998 written by United States. Congress. Senate. Committee on Environment and Public Works and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Hazardous waste site remediation categories.

Superfund Cleanup Acceleration Act

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Author : United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Waste Control, and Risk Assessment
language : en
Publisher:
Release Date : 1997

Superfund Cleanup Acceleration Act written by United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Waste Control, and Risk Assessment and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Law categories.

Superfund Reauthorization

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Author : United States. Congress. House. Committee on Commerce. Subcommittee on Commerce, Trade, and Hazardous Materials
language : en
Publisher:
Release Date : 1996

Superfund Reauthorization written by United States. Congress. House. Committee on Commerce. Subcommittee on Commerce, Trade, and Hazardous Materials and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Hazardous waste sites categories.

Government And Markets

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Author : Edward J. Balleisen
language : en
Publisher: Cambridge University Press
Release Date : 2010

Government And Markets written by Edward J. Balleisen and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.

After two generations of emphasis on governmental inefficiency and the need for deregulation, we now see growing interest in the possibility of constructive governance, alongside public calls for new, smarter regulation. Yet there is a real danger that regulatory reforms will be rooted in outdated ideas. As the financial crisis has shown, neither traditional market failure models nor public choice theory, by themselves, sufficiently inform or explain our current regulatory challenges. Regulatory studies, long neglected in an atmosphere focused on deregulatory work, is in critical need of new models and theories that can guide effective policy-making. This interdisciplinary volume points the way toward the modernization of regulatory theory. Its essays by leading scholars move past predominant approaches, integrating the latest research about the interplay between human behavior, societal needs, and regulatory institutions. The book concludes by setting out a potential research agenda for the social sciences.

Battleground Environment

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Author : Robin Morris Collin
language : en
Publisher: Bloomsbury Publishing USA
Release Date : 2008-07-30

Battleground Environment written by Robin Morris Collin and has been published by Bloomsbury Publishing USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-07-30 with Science categories.

The environment inflames passions in people on all points of the political spectrum. Controversies over such issues as the rise of cancer in industrialized countries, climate change, and urban sprawl have skyrocketed as we recognize the impact that humans have on the environment. Many people become immersed in these controversies at a local level before they know much about the topic - the nuances of many environmental conflicts are often overlooked as the media focuses on the adversarial nature of the conflict. This reference resource provides students, teachers, librarians, and citizens as a whole with the necessary first step in understanding these hot-button issues. Each entry identifies the issue involved, who was holding various points of view or positions, where and when the conflict occurred, and explains the cultural, social, and political context and dimensions of the conflict. Battleground: Environment provides in-depth analysis of over 100 of the most controversial topics involving the environment, including childhood asthma, the Kyoto Summit and Treaty, smart growth, the Three Gorges Dam in China, and genetically modified food. Entries include descriptions of public policies and discussions of the future of the controversy. Each entry concludes with cross references and a short, relevant bibliography suitable for student research. The resource includes numerous sidebars that discuss in detail particular local controversies that illuminate the complexity of the topics discussed.

Superfund Reauthorization

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Author : United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Recycling, and Solid Waste Management
language : en
Publisher:
Release Date : 1994

Superfund Reauthorization written by United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Recycling, and Solid Waste Management and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Government publications categories.

Superfund

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Author : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Commerce, Transportation, and Tourism
language : en
Publisher:
Release Date : 1985

Superfund written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Commerce, Transportation, and Tourism and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Chemical industry categories.

Executive Summary And Consolidated Research Report

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Author : Center for Hazardous Waste Management
language : en
Publisher:
Release Date : 1989

Executive Summary And Consolidated Research Report written by Center for Hazardous Waste Management and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Environmental policy categories.