Tuesday, May 18, 2010

Eight Business-Busting Oil Spills

Damages from the spill, Kotok said, could run between tens of billions to hundreds of billions of dollars.

At least some of the cleanup costs should be covered by the $1.6 billion Oil Spill Liability Trust Fund, a fund created in 1986 and funded through a tax on oil companies since 1990, following the Exxon Valdez oil tanker disaster.

Only two were in the US.

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