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Category: Natural Resource Damages

Putting a Price on Global Environmental Damage

Global environmental damage caused by human activity in 2008 represented a monetary value of $ 6.6 trillion, equivalent to 11% of global GDP, calculates a study released October 5, 2010 by the UN-backed Principles for Responsible Investment (PRI) and the… more »

ConocoPhillips Company and Sasol North America Agree to Reimburse Costs for Calcasieu Estuary, Bayou Verdine Cleanup - Agreement will reimburse EPA Superfund over $4.5 million, resolve nearly $1.2 million in natural resource damages assessment costs

The Department of Justice, the Environmental Protection Agency and the United States Attorney’s Office announced on October 13, 2010, the settlement of claims against ConocoPhillips Company and Sasol North America Inc. to resolve their liability to EPA u… more »

Cultural bias in contingent valuation of copper mining in the Commonwealth of Dominica

Abstract: Cultural bias in contingent valuation exists if groups within a population have a cultural predisposition toward answering “no” or “yes” to questions which causes the population estimate of the WTP to be underestimated or overestimated. This… more »

The Challenge of Degraded Environments: How Common Biases Impair Effective Policy

Abstract: Economic activity can damage natural systems and reduce the flow of ecosystem services. The harms can be substantial, as our case studies vividly illustrate. Most degraded landscapes have at least some potential to be reclaimed. However, uncert… more »