Oil Spill Liability Trust Fund (OSLT Fund)

The Oil Spill Liability Trust Fund (OSLT Fund) is a government reserve established to cover the costs of cleaning up oil spills and compensating those affected, when responsible parties cannot or do not pay. Funded mainly through taxes on oil and fuel sales, it ensures prompt response to environmental damage caused by spills. The fund supports agencies like the Coast Guard and Environmental Protection Agency in managing spill response and recovery, helping protect ecosystems and communities from the financial and environmental impact of oil accidents.