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Developers are often unwilling to buy and build on those properties because they would then become liable for cleanup costs.
The law, the Oil Pollution Act of 1990, stipulates that "each responsible party for a vessel or a facility from which oil is discharged" is liable for cleanup costs.
In June, ChevronTexaco filed a claim with the American Arbitration Association requesting that Ecuador be held liable for cleanup costs and legal fees if the court rules against it.
I gather I will be liable for cleanup costs.
Similar(55)
Britain extended an emergency loan yesterday for British Energy, a nuclear power company, and agreed on a restructuring plan that makes taxpayers liable for nuclear cleanup costs of several billion pounds.
That's when the environmental police warned him that if he closed on the plant he could be liable for a costly cleanup of slag contamination from the long-idle blast furnaces.
Browner says that BP will be held liable for economic losses, cleanup costs, and natural resource damanges.
Equally important, regulators could hold Patriot's top executives liable for completing the mine cleanup.
In 2011, an Ecuadoran court found Chevron liable for $19 billion in environmental cleanup costs and punitive damages stemming from oil contamination in the Amazon between 1964 and 1990 committed by Texaco.
As a consequence, the appeals court said, the companies could be held liable for the cost of the entire cleanup.
Under Superfund, a landowner can be held liable for the entire cost of a cleanup, regardless of who was responsible for the contamination or whether an owner made good efforts to control damage.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com