« Central States Law Schools Association 2010 Conference Call for Papers & Mentorship Program Announcement | Main | Moore on Legal Ethics and the ALI's Aggregate Litigation Principles »
June 9, 2010
Senate Consideration of Oil Spill Liability Cap
This week the U.S. Senate has been holding hearings to consider legislation that would lift or alter the liability cap for oil spills. Under the 1990 Oil Pollution Act (33 U.S.C. s. 2704), BP's liability is limited to $75 million in economic damages. Various proposals have suggested raising the cap to $10 billion or eliminating it completely.
Representatives of the oil industry are lobbying against the change, arguing that that any change to the law would expose the federal government to breach of contract liability with the oil industry.
RJE
June 9, 2010 in Current Affairs, Mass Torts | Permalink
