
*
Democrats in Congress and officials in the White House are making yet another major push to pass legislation to make the liability for oil companies involved in damaging spills unlimited.
*
On Monday evening, the White House confirmed that it favors the most recent piece of legislation that would drop any numerical ceiling to the amount of money an oil company like BP would have to pay for economic damages caused by a spill. Currently, the cap is $75 million.
*
"The president supports removing caps on liability for oil companies engaged in offshore drilling," said spokesman Ben LaBolt. "Oil companies should have every incentive to maximize safety and arbitrary caps on liability create a disincentive to achieve that goal."
*
So far, votes to raise the liability cap -- first to $10 billion and then unlimited -- have failed to pass via unanimous consent in the Senate. But now, congressional negotiators are planning alternative legislative routes. On Wednesday, Sen. Robert Menendez (D-N.J.), the author of the liability-cap-raising bill, is set to testify before the U.S. Senate Committee on Environment and Public Works about his proposal.
No comments:
Post a Comment