Coast Guard floats liability limit hike for oil spill damage

摘要

The Coast Guard is proposing to increase the liability limits for oil spill damage under the 1990 Oil Pollution Act in order to keep pace with inflation. The law, enacted following the Exxon Valdez oil spill, beefed up contingency planning for spills and increased the amount the responsible party for a spill would owe to clean up and repair environmental damage. But it also set top-line dollar limits for how much a company could be required to pay due to a single incident.