BP May Evade Higher Oil Spill Liability Under OPA

Law360, New York (May 25, 2010, 5:20 PM EDT) -- Associate Attorney General Thomas Perrelli told senators Tuesday that the Obama administration is not looking to lift the $75 million liability cap under the Oil Pollution Act retroactively, potentially letting BP PLC off the hook for millions of dollars in economic losses from the Deepwater Horizon disaster.

BP and Transocean Ltd., designated responsible parties for the oil spill under the OPA by the U.S. Coast Guard, are required to pay for cleanup costs associated with the April 20 explosion and subsequent oil spill — still gushing...
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