Menendez Seeks Unlimited Liability Cap for Oil Spill Damages

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Senator Robert Menendez (D-NJ) “is set to introduce on Tuesday afternoon a bill that would fully eliminate any cap on the amount of economic damages that oil companies would have to pay for spills they’ve caused,” the Huffington Post reports.

The New Jersey Democrat is revising an earlier version of legislation he introduced which would have raised the cap from $75 million dollars in liability to $10 billion. Now, the cap will be effectively unlimited, an aide said.

The revised legislation, which ups the ante a bit in the oil-spill debate, will get its first floor hearing on Tuesday afternoon as Senate Democratic leadership is expected to call for unanimous consent. In all likelihood, a Republican senator will object (they have objected twice already to Menendez’s $10 billion cap) forcing Democrats into another course of action. It should be noted, as well, that the Obama White House has refused so far to endorse an actual dollar figure for where they’d like a liability cap to be, though they have expressed support for raising it.

Update: Senator Jim Inhofe (R-OK) objected today to unanimous passage of this bill. He said he supports raising the cap, but wants time for experts to be able to determine the right amount.

(credit image – daylife/associated press)

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1 Comment

Filed under Disasters, Energy

One response to “Menendez Seeks Unlimited Liability Cap for Oil Spill Damages

  1. OMG. When is the federal government and DC going to take an ounce of responsibility for Americas problems..They are in bed with Wallstreet and Chicago..They are in bed with major banks. They are in bed with progessives around the world..they are responsible for shipping our industries overseas. they are responsible for housing collapse and two wall street collapses. they are responsible for rampant influx of illegals. they are responsible for oil imports rising to 70%. they are responsible for limiting nuclear power. they are responsible for completely inept legal system in this land. They are responsible for inflation and high product and food costs…they are responsible for bankrupt social programs..they are responsible to extreme deficits…they are responsible for extreme corruption throughout government. So why are we drilling in 5000 feet of water in gulf and using nearly all foreign corporations to do so….Our government is the answer….IT is again time for all good people to stand against this tyrannical government and remove them from power…Read your history, your Declaration of Independence and your Constitution…..it is our duty to fix this government …..Power to the people

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