It has been over 30 years since offshore drilling took place for oil and gas on the Atlantic coast of the United States. However, in January 2015, President Obama released a proposal to sell offshore oil and gas leases in federally owned waters. The proposal would allow drilling along the East Coast from northern Virginia [...]
On the third anniversary of the Deepwater Horizon oil spill disaster, Senator Bill Nelson announced that he is co-sponsoring legislation that would lift the liability from $75 million for removal costs for an offshore oil spill. The 1990 Oil Pollution Act limits the ability to collect damages in excess of $75 million, unless there is [...]
