• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • liability cap

    Putting Together a Cohesive Oil Spill Bill

    Congress was unable to pass an oil spill bill in response to the Macondo well blowout last year, and now policymakers are eager to return to the issue. The largest outstanding issue is undoubtedly the oil spill liability or the secondary costs that stem from offshore oil and gas accidents. … More

    Initial Response to the Oil Spill Commission Report

    President Obama’s seven-person Oil Spill Commission released its long-awaited final report this morning and includes details on the “before, during and after” of the Macondo well explosion that occurred on April 20 last year. The commission’s site also has a “Recommendation for Decision Makers” section that has drawn much of … More

    Addressing BP’s Willingness to Pay for the Oil Spill

    It will be a long time before we know how much the oil spill is going to cost in terms of total economic damages, but it is certain to be higher than the $75 million liability cap set by the 1990 Oil Pollution Act and could even be higher than … More