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Does the law limit the amount of money an oil company is liable for after an oil spill?

Section §1004 of the Oil Pollution Act provides: 

"The liability for tank vessels larger than 3,000 gross tons is increased to $1,200 per gross ton or $10 million, whichever is greater. Responsible parties at onshore facilities and deepwater ports are liable for up to $350 millon per spill; holders of leases or permits for offshore facilities, except deepwater ports, are liable for up to $75 million per spill, plus removal costs. The Federal government has the authority to adjust, by regulation, the $350 million liability limit established for onshore facilities."

Despite the $75M liability cap established by the OPA, U.S. lawmakers are discussing icreasing that liability cap in response to the Gulf Oil Spill. 

Speak with a Gulf Oil Spill Attorney

Injuries cost money, including time away from work, medical bills and other complications. You should have an attorney help you with your claim. Not sure if you have a good injury case? Speak to a local gulf oil spill attorney about the merits of your case. This one step can help you protect your rights and take the proper next steps.

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