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News Breaks | | | | February 1, 2013 | | 07:57 EDT |  | BP, XOM, CVX, RDS.A | Canada to increase liability cap for offshore oil industry, Globe and Mail says
The Canadian government is preparing to increase liability limits for oil companies that drill off the east and north coasts, as well as for oil tankers, and that will increase the cost of doing business offshore, reports the Globe and Mail. Its plan will be announced in the spring following criticism that that the low limit of corporate liability has been a de facto subsidy for companies.Reference Link | |
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