Valuing Nature Waste Removal in the Offshore Environment Following the Deepwater Horizon Oil Spill

Simple item page
dc.contributor.authorWashburn, Travis W.
dc.contributor.authorYoskowitz, David
dc.contributor.authorMontagna, Paul A.
dc.date.accessioned2021-06-14T17:56:37Z
dc.date.available2021-06-14T17:56:37Z
dc.date.issued2018-12-10
dc.description.abstractThe offshore and deep-sea marine environment provides many ecosystem services (i.e., benefits to humans), for example: climate regulation, exploitable resources, processes that enable life on Earth, and waste removal. Unfortunately, the remote nature of this environment makes it difficult to estimate the values of these services. One service in particular, waste removal, was examined in the context of the Deepwater Horizon oil spill. Nearly 5 million barrels of oil were released into the offshore Gulf of Mexico, and 14 billion dollars were spent removing about 25% of the oil spilled. Using values for oil spill cleanup efforts, which included capping the wellhead and collecting oil, surface combustion, and surface skimming, it was calculated that waste removal, i.e., natural removal of spilled oil, saved BP over $35 billion. This large amount demonstrates the costs of offshore disasters, the importance of the offshore environment to humans, as well as the large monetary values associated with ecosystem services provided.en_US
dc.identifier.citationWashburn TW, Yoskowitz DW and Montagna PA (2018) Valuing Nature Waste Removal in the Offshore Environment Following the Deepwater Horizon Oil Spill. Front. Mar. Sci. 5:477. doi: 10.3389/fmars.2018.00477en_US
dc.identifier.doihttps://doi.org/10.3389/fmars.2018.00477
dc.identifier.urihttps://hdl.handle.net/1969.6/89676
dc.publisherFrontiers in Marine Scienceen_US
dc.subjectDeep seaen_US
dc.subjectEcosystem servicesen_US
dc.subjectBiodegradationen_US
dc.subjectOil removalen_US
dc.subjectCleanup costsen_US
dc.subjectOil fateen_US
dc.titleValuing Nature Waste Removal in the Offshore Environment Following the Deepwater Horizon Oil Spillen_US
dc.typeArticleen_US

Files

Original bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
Valuing Nature Waste Removal in the Offshore Environment Following the Deepwater Horizon Oil Spill.pdf
Size:
246.89 KB
Format:
Adobe Portable Document Format
Description:
Full Text
Download

License bundle

Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.72 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

publications