What fund was established for oil spill liability claims, according to OPA 90?

The Oil Spill Liability Trust Fund was established under the Oil Pollution Act of 1990 (OPA 90) specifically to address and manage oil spill liability claims. Its purpose is to provide a source of funds to cover the costs associated with the cleanup of oil spills and to compensate those who suffer damages due to oil spills when the responsible party is unable or unwilling to pay. This fund plays a critical role in ensuring that affected communities, wildlife, and environments can receive swift financial support in the aftermath of a spill, thereby facilitating timely cleanup efforts and mitigating the long-term impacts of such incidents on ecosystems and local economies.