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πŸ”† Oil Pollution

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

πŸ“ Causes
βœ… Oil spills from tankers, offshore rigs.
βœ… Leakages from drilling, transportation.
βœ… Ballast water discharge, pipeline ruptures.

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

πŸ“ Steps Taken
βœ… International: MARPOL Convention, OPRC, IMO standards.
βœ… India: NOS-DCP, INCOIS oil spill trajectory model.

πŸ“ Way Forward
βœ… Enforce safety regulations, improve warning systems, develop response capacity, promote bioremediation techniques.

#environment #mains


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πŸ”† Oil Pollution

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

πŸ“ Causes
βœ… Oil spills from tankers, offshore rigs.
βœ… Leakages from drilling, transportation.
βœ… Ballast water discharge, pipeline ruptures.

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

πŸ“ Steps Taken
βœ… International: MARPOL Convention, OPRC, IMO standards.
βœ… India: NOS-DCP, INCOIS oil spill trajectory model.

πŸ“ Way Forward
βœ… Enforce safety regulations, improve warning systems, develop response capacity, promote bioremediation techniques.

#environment #mains


Join @PIB_UPSC
@upsc_4_environment

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At a time when the Indian stock market is peaking and has rallied immensely compared to global markets, there are companies that have not performed in the last 10 years. These are definitely a minor portion of the market considering there are hundreds of stocks that have turned multibagger since 2020. What went wrong with these stocks? Reasons vary from corporate governance, sectoral weakness, company specific and so on. But the more important question is, are these stocks worth buying?

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