Putting a value on natural assets: the BP Oil Spill

AAE’s Rich Bishop is lead author, with Kevin Boyle (AAE Ph.D. 1985) and others, on a new study published in Science magazine, that values the damages caused by the 2010 BP Deepwater Horizon drilling explosion, the country’s worst maritime oil spill. The authors’ survey found that the public would support investing $17.2 billion to prevent a future such catastrophe in the Gulf of Mexico. The survey methodology answered criticisms of earlier attempts to assess damages from the Exxon Valdez spill and other large

Read the full article at: http://science.sciencemag.org/content/356/6335/253