Is BP Backing Out of Agreement to 'Pay Whatever is Necessary' in Gulf?

Treehugger

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 right -- BP may seek to limit its damages for the entire BP spill (remember, folks, this was the worst environmental disaster in American history) to a comparatively measly $75 million. And it would be perfectly legal.

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