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Oil Liability Cap Misconceptions

Lifting the legal liability cap on energy companies would not perceptively change the price of oil, argues Michael Greenstone, Professor of Environmental Economics at MIT and Brookings Economic Studies Senior Fellow. Another misconception is over jobs that might be lost, he adds. Transcript - Liability and Financial Responsibility for Oil Spills Under the Oil Pollution Act of 1990 and Related Statutes:
Length: 01:34


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