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🔆 Oil Pollution

📍 Examples
âś… Deepwater Horizon Oil Spill (2010): Largest marine oil spill in Gulf of Mexico.
âś… Ennore Oil Spill (2017): Collision off Chennai coast, impacting marine life and fishermen.
âś… MV Wakashio Spill (2020): Ship ran aground off Mauritius, spilling oil in a biodiversity-rich area.

📍 Causes
âś… Oil spills from tankers, offshore rigs.
âś… Leakages from drilling, transportation.
âś… Ballast water discharge, pipeline ruptures.

📍 Consequences
âś… Environmental: Marine life death, long-term damage to ecosystems.
âś… Economic: Livelihood loss, high cleanup costs.
âś… Health Hazards: Skin disorders, respiratory issues, contamination of seafood.

📍 Steps Taken
âś… International: MARPOL Convention, OPRC, IMO standards.
âś… India: NOS-DCP, INCOIS oil spill trajectory model.

📍 Way Forward
âś… Enforce safety regulations, improve warning systems, develop response capacity, promote bioremediation techniques.

#environment #mains


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🔆 Oil Pollution

📍 Examples
âś… Deepwater Horizon Oil Spill (2010): Largest marine oil spill in Gulf of Mexico.
âś… Ennore Oil Spill (2017): Collision off Chennai coast, impacting marine life and fishermen.
âś… MV Wakashio Spill (2020): Ship ran aground off Mauritius, spilling oil in a biodiversity-rich area.

📍 Causes
âś… Oil spills from tankers, offshore rigs.
âś… Leakages from drilling, transportation.
âś… Ballast water discharge, pipeline ruptures.

📍 Consequences
âś… Environmental: Marine life death, long-term damage to ecosystems.
âś… Economic: Livelihood loss, high cleanup costs.
âś… Health Hazards: Skin disorders, respiratory issues, contamination of seafood.

📍 Steps Taken
âś… International: MARPOL Convention, OPRC, IMO standards.
âś… India: NOS-DCP, INCOIS oil spill trajectory model.

📍 Way Forward
âś… Enforce safety regulations, improve warning systems, develop response capacity, promote bioremediation techniques.

#environment #mains


Join @PIB_UPSC
@upsc_4_environment

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Should You Buy Bitcoin?

In general, many financial experts support their clients’ desire to buy cryptocurrency, but they don’t recommend it unless clients express interest. “The biggest concern for us is if someone wants to invest in crypto and the investment they choose doesn’t do well, and then all of a sudden they can’t send their kids to college,” says Ian Harvey, a certified financial planner (CFP) in New York City. “Then it wasn’t worth the risk.” The speculative nature of cryptocurrency leads some planners to recommend it for clients’ “side” investments. “Some call it a Vegas account,” says Scott Hammel, a CFP in Dallas. “Let’s keep this away from our real long-term perspective, make sure it doesn’t become too large a portion of your portfolio.” In a very real sense, Bitcoin is like a single stock, and advisors wouldn’t recommend putting a sizable part of your portfolio into any one company. At most, planners suggest putting no more than 1% to 10% into Bitcoin if you’re passionate about it. “If it was one stock, you would never allocate any significant portion of your portfolio to it,” Hammel says.

Dump Scam in Leaked Telegram Chat

A leaked Telegram discussion by 50 so-called crypto influencers has exposed the extraordinary steps they take in order to profit on the back off unsuspecting defi investors. According to a leaked screenshot of the chat, an elaborate plan to defraud defi investors using the worthless “$Few” tokens had been hatched. $Few tokens would be airdropped to some of the influencers who in turn promoted these to unsuspecting followers on Twitter.

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