Investments glossary

Oil Pollution Act of 1990

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Quotes of the day:

Let me tell you something that we Israelis have against Moses. He took us 40 years through the desert in order to bring us to the one spot in the Middle East that has no oil

— Golda Meir

The U.S. Congress enacted the Oil Pollution Act of 1990 (OPA) to streamline and strengthen the Environmental Protection Agency’s (EPA) power to prevent oil spills. It was passed as an amendment to the Clean Water Act of 1972 following the Exxon Valdez oil spill of 1989. The Oil Pollution Act of 1990 is one of the most wide-reaching and critical pieces of environmental legislation ever passed.

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