Senator: Can't let BP 'off the hook'
CNN Wire Staff
[cnn-photo-caption image=http://i.cdn.turner.com/cnn/2010/US/05/03/oil.spill.environmental.impacts/t1larg.louisiana.marsh.gi.jpg caption="Administration officials meet with BP execs to discuss spill response" width=300 height=169]
Lawmakers will meet with environmental groups Tuesday to gauge the impact from an explosion aboard a BP oil rig that uncorked a gusher of oil off the coast of Louisiana.
Democratic senators Frank Lautenberg and Robert Menendez of New Jersey along with Bill Nelson of Florida will talk to officials from the Sierra Club and Environment America to discuss courses of action as the impact of a potential disaster continues to unfold.
On Monday, the lawmakers introduced legislation to do away with an existing $75 million cap on oil companies for damages resulting from spills, such as loss of tourism revenue.
The senators want to raise the cap to $10 billion.
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Filed under: Gulf Oil Spill |
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Well, the cap should be 250 billion for starters because that will be an eye opening statment and oil companies will spend more research and development on oil spill abatement. I guess will learned nothing from Exxon Valdez. Please note that BP made over 250 billion in sales last year.