What can I recover for as a result of the BP oil spill?

You may recover for all economic loss related to the BP oil spill. After the Exxon Valdez oil tanker ran aground in 1989 and spilled oil into Alaska’s Prince William Sound, Congress passed the Oil Pollution Act of 1990 to ensure that the responsible parties are liable for the removal costs and damages of an oil spill or release of hazardous substances. A responsible party may be liable for cleanup costs and damages to natural resources, real or personal property, revenues, profits, earning capacity and public services.

The Oil Pollution Act provides broad recovery for businesses and individuals who have suffered economic losses as a result of the BP oil spill. For example, seafood restaurants that have lost substantial businesses because people aren’t eating Gulf seafood or hotels and motels that have had canceled reservations because of the spill may have a claim for economic losses. Similarly, charter fishermen may have a claim if their fishing grounds have been closed due to the ongoing oil spill, or oil service workers if they have been laid off because of the moratorium on deepwater drilling.

The unprecedented effects of the BP spill will continue to damage property, business and the environment in many ways for years to come. The Oil Spill Task Force, sponsored by Arnold & Itkin LLP, coordinates the financial, legal and investigative resources needed to represent the claims of businesses and individuals whose livelihoods and property are threatened by the BP oil spill. If you would like to discuss your complaint, then please call 888-498-8212. We focus on representing your financial interests in claims against BP.