Analysis of Damages from Oil Spilled During Transportation
Gnarly Tree Sustainability Institute Senior Consultant Emily Giovanni was part of a project to improve the federal government’s data and methodology for estimating the damages and costs from inland crude oil spills from pipelines and railcars. The team developed a comprehensive database of such releases that occurred over a period of 10 years, including all available information about the incidents, sites, and costs resulting from the releases. Based on this database, the team conducted a regression analysis to identify and quantify the key site and incident characteristics driving the marginal costs of crude oil releases. The resultant database and model can be used by the government to conduct more accurate and predictive models of the economic impacts of inland oil transportation, with the capacity to further enhance the model with new data on an ongoing basis.
Services: Benefits Analysis