Fifty days into the Gulf oil spill, officials still don’t have a firm answer on how much oil is escaping from the damaged well or how long it could continue. Jim Lehrer talks to environmental law professors Tracy Hester of the University of Houston and Noah Hall, of Wayne State University, about the legal ramifications of the spill for BP. Video Rating: 4 / 5
House passes liability reform
The House on Thursday passed the first major bill related to the Gulf of Mexico oil rig explosion, voting to allow families of the 11 dead and 17 injured workers to be compensated far more generously than current law allows. Read more on The Record and Herald News
Extent Of BP’s Liability For Gulf Spill Still Murky
A group of Senate Democrats is seeking to raise the million liability limit on economic damages under the Oil Pollution Act to billion, but some legal experts say the very issue of a cap may be moot. Read more on NPR
Transocean Says Underwriters Pushed to Limit Liability
Transocean, the company that owns the sunken Deepwater Horizon oil rig, filed a motion in federal court two weeks ago seeking to limit its courtroom losses to .7 million. In written testimony submitted to the House Judiciary Committee, a Transocean lawyer said today that underwriters forced the company’s hand. “Our underwriters instructed us to file such an action, and failure to do so could … Read more on Law.com
Legal bickering begins in Transocean liability case
HOUSTON – Dozens of lawyers gathered in a federal courtroom Tuesday as the owner of the doomed Deepwater Horizon rig asked a judge to limit its liability. Houston-based Transocean claims it is responsible for just .7 million, citing an 1851 law that states the owner of a sunken vessel is liable only for the vessel’s value after an accident. U.S. District Judge Keith Ellison heard arguments … Read more on 11 News Houston
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Deepwater Horizon owner Transocean seeks liability limit
Transocean, owner of the Deepwater Horizon rig that exploded and sank killing 11 and creating a growing oil spill, today filed a request in Houston federal court to limit its liability in the lawsuits filed against it to about million. Read more on Houston Chronicle
Deepwater Horizon Owner Transocean Files Petition To Seek Limited Liability
HOUSTON, May 14 (Bernama) — Transocean, the owner and operator of the Deepwater Horizon rig, that exploded and sank last month in the Gulf of Mexico killing 11 and causing a massive oil leak, on Thursday filed a petition to limit its liability to under US million and asked for all pending cases against the company to be suspended. Read more on Bernama
Proposed cap on oil spill liability ‘inadequate’
BP capturing about a fifth of oil from leak with siphon tube. 18 May 2010 6:10 AM Read more on Business Spectator
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