Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Senate panel votes to end oil spill liability cap

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Environment/Energy Donate to DU
 
jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 05:36 PM
Original message
Senate panel votes to end oil spill liability cap
http://www.reuters.com/article/idUSTRE65T4SA20100630?ty...

A Senate committee on Wednesday voted to eliminate a cap on liability that oil companies would face for damages from offshore spills, like the one devastating the U.S. Gulf coast.

The committee's vote would open the industry to unlimited claims by removing the current $75 million cap companies now enjoy on compensating local communities for economic losses and the impact of offshore spills on natural resources.

The change, if approved and made law, would apply retroactively to BP Plc's massive Gulf of Mexico spill, although the company has already said it would cover all costs, which will run into the billions of dollars.

While lawmakers in both the Senate and House of Representatives have made the liability legislation a top priority following the BP spill, a senior Democrat -- Senator Max Baucus, who chairs the influential Senate Finance Committee -- expressed reservations about imposing unlimited liability on the oil industry.

<more>
Printer Friendly | Permalink |  | Top
kenfrequed Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 05:38 PM
Response to Original message
1. And Baucus once more proves
Percisely whose side he is on and what an incredible tool he is.!
Printer Friendly | Permalink |  | Top
 
RKP5637 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 05:41 PM
Response to Original message
2. Not surprised about Max Baucus. n/t
Printer Friendly | Permalink |  | Top
 
yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 05:51 PM
Response to Original message
3. doesn't Obama realize what a liability these assholes are in most of the country?
Printer Friendly | Permalink |  | Top
 
dipsydoodle Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 05:53 PM
Response to Original message
4. Who would determine
whether changes in the law made retroactively were constitutional or not so given that no criminal offence has yet been found against BP ?

Just asking.
Printer Friendly | Permalink |  | Top
 
Nihil Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-01-10 06:13 AM
Response to Reply #4
5. Don't forget, there is an "expert constitutional lawyer" right at the top ...
... or so they say ...

BP has far less support now than any of the prisoners held illegally at
Guantanamo Bay ever had so I can't see any of the usual suspects making
much of a fuss about arbitrary dismissal of centuries of law ...
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sat Dec 20th 2014, 04:59 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Topic Forums » Environment/Energy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC