Word: canyoneering
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During the fight to keep the oil from the Torrey Canyon off the beaches, Britain's Prime Minister Harold Wilson reported to Commons last week, "We did not wait to settle matters of finance, compensation or legal liability." Now that the crisis is abating, he continued, "the government is urgently considering the question of claims." Britain, said the Prime Minister, intends to sue the Union Oil Co. of California for damages due to the wreck of its supertanker. If the suit ever gets to court, it will further complicate what is fast becoming not only the most costly maritime...
Well-Insured Hull. Recovering the value of the Torrey Canyon and the 118,000 tons of crude oil it carried is only the beginning of the problem. British Petroleum, for whom the chartered ship was hauling crude from Kuwait to England, had insured its cargo for $1,600,000. The ship itself, owned by a company called Barracuda Tanker Corp., which was incorporated in Liberia but is controlled from Wall Street, carried "hull" insurance of $16.5 million. As is traditional in marine insurance, the policy (with an annual premium of $330,000) had been spread among 120 syndicates...
...some fateful miscalculation, the U.S.-owned oil tanker Torrey Canyon, en route from Kuwait to Wales, had run aground and begun to break up on a reef 18 miles off the southwest tip of Britain; part of its 118,000 tons of crude oil began leaking into the sea. Like great oozy creatures from 20,000 leagues under, oil slicks more than 20 miles long were soon slinking toward southwest Britain's golden holiday beaches, which draw $300 million a year from tourists...
...coordinate local and national measures, named it "Operation Canute," after the 11th century English king who ordered the waves to recede-and got dunked. When all hopes of salvaging the tanker and its remaining cargo died, Wilson ordered several flights of fighter-bombers to zero in on the Torrey Canyon, then headed for his vacation retreat on the oil-threatened Scilly Isles to watch the action. For three days, the planes plastered the Torrey Canyon with bombs, kerosene, napalm and rockets. At least one-third of the oil cargo went up in flames...
...legacies of the land are more deeply embedded in American emotions than the Grand Canyon and the redwood forests of Northern California. Yet, because of their commercial potential, conservationists have had to fight to preserve them. Only last month they beat off-for the time being-an Administration attempt to build two dams that would have flooded both ends of the Grand Canyon. Now their principal concern is the soaring redwoods (Sequoia sempervirens...