Sentences with phrase «spill cleanup tax»
We ensure that never again can a company like BP take a tax deduction for money spent cleaning up its own mess in the Gulf of Mexico, and we close the loophole that lets tar sands oil pipeline operators avoid paying the oil spill cleanup tax.»
http://www.climatesciencewatch.org/ Not exact matches
In the case of an oil spill cleanup, the costs are likely to be directly incurred by an insurance company, but the premiums paid for that insurance come at the expense of the value of the oil transportation service — the higher the expected clean - up costs from oil spills, the higher insurance premiums will be, and this will mean higher pipeline tolls, which in turn implies lower profits, taxes, and royalties on the products shipped.
The tax goes into the Oil Spill Liability Trust Fund, which provides emergency funds for oil spill cleanup and clSpill Liability Trust Fund, which provides emergency funds for oil spill cleanup and clspill cleanup and claims.