Guyana Passes Landmark Law Making Companies Liable For Oil Spill Damages

Guyana Passes Landmark Law Making Companies Liable For Oil Spill Damages
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Guyana’s National Assembly has passed a major oil pollution bill that will hold oil companies and offshore operators fully responsible for damages caused by oil spills.

The bill, approved late Friday through a voice vote, is now awaiting the signature of President Irfaan Ali to become law. The country, whose offshore oil production is managed by a consortium led by Exxon Mobil, is set to exceed 900,000 barrels per day (bpd) this year.

According to Guyana’s...

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