Tuesday, July 16, 2013

Counting on Compensation for Pipeline Damages? Don't!

Some landowners may believe that they can count on pipeline companies for compensation in the event of a leak or explosion, assuming they survive.  In reality, settlements, (if any) can take decades.  For example the long-term plan for rehabilitating damaged resources has yet to be implemented a full quarter century after the Exxon Valdez oil tanker ran aground in Prince William Sound, Alaska, spewing more than 11 million gallons of crude oil into the surrounding ecosystem.  Many victims of pipeline disasters must file lawsuits to get compensation from companies.