Chicago Personal Injury Lawyer: Lessons from the Gulf Disaster
After the BP oil spill in the Gulf of Mexico, concern focused on Section 2004 of the Oil Pollution Act, instituted in response to the 1989 Exxon Valdez spill, which capped offshore oil lease or permit holder liability at $75 million per spill, plus removal costs. The chasm between the capped statutory liability and the …
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