Who gains from saving nature
Ledger 1 : 33 — For each dollar financing nature-based solutions in 2023, about $33 financed activities harmful to nature. (UNEP)
Actors / International organisation · United Kingdom

International Oil Pollution Compensation Funds (IOPC Funds)

Appears in 9 cases in this database. Roles as given in the documented record.

CaseRoleCountryPeriodInstrument
Prestige1992 Fund; paid €147.9mSpain2002–2026Oil spill
Hebei Spirit oil spillAdministers the 1992 Fund; paid KRW 134.8bn within the KRW 321.6bn limitSouth Korea2007Oil spill
Erika oil spillInternational compensation fund (1992 Fund)France1999–2012Oil spill
Gulfstream oil spill (Tobago)Compensation body paying claims for the Gulfstream spill (1992 Fund)Trinidad and Tobago2024–2026Oil spill
Amoco Cadiz oil spill (France)International oil pollution compensation funds (Erika, Sea Empress and Tasman Spirit are in the same heading)France1978–1992Oil spill
Tasman Spirit oil spill (Pakistan)International compensation regime; Pakistan not a memberPakistan2003–2004Oil spill
Torrey Canyon spill and creation of the IOPC FundsAdministers the 1992 Fund and Supplementary Fund; pays claims above the shipowner's limitUnited Kingdom1967–2026Oil spill
Princess Empress oil spill (Philippines)1992 Fund; paid claims together with the Shipowners' ClubPhilippines2023–2025Oil spill
Liberian-flagged vessel Sea Empress spills oil at Milford Haven, Wales, in 1996published the compensation tableUnited Kingdom1996Oil spill

Insurance

IOPC Funds
The International Oil Pollution Compensation Funds: intergovernmental funds, financed by companies that receive oil by sea, that pay for tanker oil-spill damage above the shipowner's liability limit.