OIL POLLUTION ACT, 1990
On March 24, 1989, the ‘Exxon Valdez’ spilled over 11 million gallons of Alaskan crude oil in the water of Prince William Sound. The two most important lessons learned in the aftermath of the spill were:- a) The United States lacked adequate resources, particularly Federal funds, to respond to spills.b) The scope of damages compensable…