As a result of the Exxon Valdez spill in 1989, the 1990 Oil Pollution Act was created. That case took about 20 years to complete and obtain compensation for the victims. According to UPI sources, the company that owns the drilling rig that exploded in April, it has asked the court for a cap on its damages exposure under an old law dating back to the 1800's. The judge hearing that request has suspended many claims against drilling rig company. That company leased the drilling platform and rig to BP. That matter is pending.
Already, Louisiana lawyers are working on a suit against BP for commercial fishermen and businesses affected by this spill, according to UPI.
Under the Oil Pollution Act of 1990, the responsible company designated by the US Coast Guard, can be liabile for up to $1 billion for cleaning and repair to natural resources. It also allows for $75 milliion for victims in lost income damages.
However, that does not include negligence/tort civil suits. So, in the end, a responsible company, if found negligent in civil suits, could pay much much more.
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David Schreiber
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I wonder if this will bankrupt BP?
ReplyDeleteWow. When the spill comes up the east coast, it could affect other states and more damages to wildlife and fishing.
ReplyDelete