Oil Pollution Act Of 1990


DEFINITION of 'Oil Pollution Act Of 1990'

A law that caps civil liability for oil spills caused by tankers and drilling vessels in the United States' territorial waters. The passage of the law was prompted by the Exxon Valdez oil spill in 1989, where Exxon was held liable for billions in civil damages. The bill enjoyed popular support at its passage.

BREAKING DOWN 'Oil Pollution Act Of 1990'

The Oil Pollution Act of 1990 caps BP's civil liability for the Deepwater Horizon spill at $75 million. The law forces companies to have a "place to prevent spills that may occur". The House passed the bill with a vote of 375-5, and it was passed in the Senate by a voice vote.

  1. BP Oil Spill

    A 2010 oil spill that occurred in the Gulf of Mexico as a result ...
  2. Oil Field

    A tract of land used for extracting petroleum, or crude oil, ...
  3. Tier 1 Spill

    One of the three categorized levels of oil spills. Tier 1 spills ...
  4. Tier 3 Spill

    One of the three levels of oil spills as categorized by the International ...
  5. Tier 2 Spill

    The second of the three types of oil spills as categorized by ...
  6. Barrels Of Oil Equivalent Per Day ...

    A term that is used often in conjunction with the production ...
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