Introduction -- Overview of the proposed regulations -- Methodology -- Implementation costs of the proposed regulation -- Major incidents and worker deaths at California refineries -- Impact of major refinery incidents on California gasoline prices -- Macroeconomic impact estimates -- Potential benefits to industry -- Balancing costs and benefits -- Conclusions -- Appendix. Structured interview questions
Summary
The research reported here assessed the costs and benefits of the proposed California process safety management (PSM) and California Accidental Release Prevention regulations that are designed to improve safety at oil and gas refineries operating in California. The authors estimate these costs and benefits in four categories: costs to industry, costs to society, benefits to industry, and benefits to society
