BP’s total legal responsibility is restricted to $75 million () because of a 1990 law handed when Big Oil lobbied our Congress instantly after the Exxon Valdez spill.
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Supplies FREE 30 minute consultations with an attorney at 34 places throughout King County, including locations specializing in debt, chapter, and household law issues. The United States Securities and Exchange Fee (SEC) permits oil and fuel companies, in their filings with the SEC, to reveal solely proved reserves that an organization has demonstrated by actual manufacturing or conclusive formation checks to be economically and legally producible below existing financial and operating conditions.
There was, the truth is, some harmony between the accounts offered by the executives of Halliburton and Transocean, both of whom appeared to recommend that BP ordered the skipping of a regular step in offshore drillingâ€”the putting of a cement plug inside the … Read the rest