Oil Spill Liability Trust Fund

The Oil Spill Liability Trust Fund (OSLTF) is a federal fund in the United States, established to help cover the costs of cleaning up oil spills. Created by the Oil Pollution Act of 1990, it is financed mainly through a tax on oil producers. When an oil spill occurs, even if the responsible party cannot fully pay for the cleanup, the OSLTF provides financial resources to clean up the environment and compensate affected individuals and businesses. This ensures timely response to spills and helps protect natural ecosystems and local economies from the impacts of oil pollution.