rulemylife
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Joined: 8/23/2004
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quote:
ORIGINAL: housesub4you
I did not you did, and as for BP shouldering the blame maybe, cause when they where in front of congress all they did was point fingers at everyone else, it seems the GOP believe the American taxpayer should shoulder the cost of the clean-up
This is a general reply about the liability cap because this issue keeps coming up on every oil spill thread.
BP is fully 100% responsible for any cleanup costs whatsoever.
The $75 million cap is on their liability in lawsuits brought forward by those affected by the spill like the Gulf fishermen and beachside resorts.
House Debates Removing BP's $75 Million Liability Cap
“It is clear that the liability caps must be adjusted, and in some instances lifted altogether,” U.S. Associate Attorney General Tom Perrelli told the House Transportation and Infrastructure Committee during a hearing on the Oil Pollution Act of 1990, Wednesday.
OPA 90, as the act is commonly called, requires responsible oil companies to pay for all cleanup costs in the event of a spill. However, the law provides that entities such as BP may only be billed up to $75 million dollars to remunerate private parties for losses incurred, in addition to cleanup costs.
Dems propose massive increase in oil company liability
The measure, introduced in both the House and Senate, would raise the cap on economic damages for oil spills from $75 million to $10 billion, meaning companies like BP would be forced to pay more than 133 times what they are now required to.
That money would be in addition to the direct costs of cleanup, which the responsible party already must pay.
< Message edited by rulemylife -- 6/12/2010 6:51:58 AM >
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Obama wants to know 'whose ass to kick' - 
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