unlimited liability News

ExxonMobil Appeals Ruling by Guyanese Court in Oil Spill Insurance Coverage

GEORGETOWN, Guyana (AP) – American oil giant ExxonMobil said Friday it had appealed a recent Guyanese court ruling requiring it to obtain insurance for “unlimited liability” in the event of a major oil spill off the coast of Guyana. The …

Libertarians Dream of the Impossible: Unlimited Liability

If you run in libertarian circles, you hear a lot about lawsuits. It’s the obvious recourse for anyone who wants less regulation but can’t bring themselves to insist that, say, chemical companies should be allowed to dump toxic waste into …