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  • Oil Spill Liability Trust Fund

    Lift Liability Caps, Promote Safety, and Continue Drilling

    One issue arising out of the Gulf oil spill is liability for the secondary costs that stem from offshore oil and gas accidents. The liable party is responsible for cleanup costs, and that law should remain. Although BP has agreed to cover all legitimate claims, the current system does not … 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