Is BP Backing Out of Agreement to ‘Pay Whatever is Necessary’ in Gulf?
Photo: Infrogmation , Flickr, Creative Commons BP Seeking to Limit Damages to $75 Million in Gulf? Oh boy. Everybody’s favorite Gulf of Mexico-soiling oil giant has just dropped something of a bombshell. Well, it would certainly turn out to be a massive bombshell if it’s true: BP’s attorney has just suggested that the company may seek to invoke the clause in the 1990 Oil Pollution Act that limits polluting companies’ liability in a disaster to $75 million. That’s ri… Read the full story on TreeHugger
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Is BP Backing Out of Agreement to ‘Pay Whatever is Necessary’ in Gulf?
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on October 18, 2010. Filed under
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