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Senators Weigh Higher Limits On Oil Spill Liability

By Jessica Dye (June 8, 2010, 3:55 PM EDT) -- In the wake of the disastrous Gulf of Mexico oil spill, the Senate Judiciary Committee on Tuesday questioned whether monetary damages limits in spill liability statutes should be significantly raised in order to give multibillion-dollar companies such as BP PLC more incentive to avoid high-risk activities....

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