The Economic Impact Of Oil Spill | How Much Do Companies Pay For Oil Spills?

The oil spills have an adverse impact not only on the environment but it also costs a massive amount to clean up the oil from the surface of water bodies. The economic impact of any oil spill is difficult to state in exact numbers but we can consider various factors to determine an approximate value.

In this video, apart from discussing the BP oil spill and that of Exxon, we have outlined the factors (in detail) that determine the cost of an oil spill. Please watch the video till the end.

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