BP Will Not Rely on OPA’s Liability Cap

NEW ORLEANS Attorneys for BP raised some eyebrows during Friday’s MDL hearing when they said they would need to confirm with their client whether BP would rely on the Oil Pollution Liability Act’s $75MM liability cap. But the defense attorneys have made it clear in yesterday’s filing with the court.

Insurance A Valuable Asset For Oil Spill Impact

Those watching the Gulf oil spill have one eye on the leaking well and the other on “heavy” oil that has reached the barrier […]

How Much Will BP Pay?

Following the Exxon Valdez oil spill in 1989, Congress passed the Oil Pollution Act of 1990 (OPA), which provides for strict liability in oil […]