Deepwater Horizon Legislative Proposals
May 20, 2010
Types : Alerts
Over the last forty-five years each major pollution incident including the Torrey Canyon in 1967, the Union Oil blowout in Santa Barbara Channel in 1971, the Exxon Valdez in 1989, the Erika in 1999, the Prestige, and now the Deepwater Horizon, exposed weaknesses in both the regulatory and compensation programs as they existed at the time of these spills. These revelations led first to private compensation agreements followed by increased regulation and expanded compensation regimes.