Every new well, tanker route and pipeline carries a small risk of a large environmental failure, and regulators and the public are less tolerant of that risk than ever. According to Polaris Market Research, the global oil spill management market was valued at USD 128.21 billion in 2022 and is projected to reach USD 167.91 billion by 2032, growing at a CAGR of 2.85%.
The Shift: What's Actually...
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