Cost–Benefit Analysis of Proposed California Oil and Gas Refinery Regulations

Cost–Benefit Analysis of Proposed California Oil and Gas Refinery Regulations

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Researchers found that the number of major oil and gas refinery incidents in California might be reduced under new California process safety management (PSM) and Accidental Release Prevention regulations, which could provide safety and health benefits to the public and savings to California consumers. They found that, to be worth their cost, the new PSM regulations would have to produce only modest improvements in safety.