Senators Weigh Higher Limits On Oil Spill Liability

Law360, New York (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.

Committee chairman Patrick Leahy, D-Vt., linked the alleged safety lapses behind the April 20 Deepwater Horizon oil rig explosion to the U.S. Supreme Court's 2008 decision in Exxon Mobil v. Baker, in which the high court capped the punitive damages...
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