Wednesday
May262010
Senate Democrats Want To Ensure BP Is Held Accountable
Wednesday, May 26, 2010 at 12:27PM
By: Justine Rellosa- Talk Radio News Service
After the Senate failed to pass legislation on Tuesday that would raise the liability cap for those responsible for the oil spill, Senators Robert Menendez (D-N.J.), Bill Nelson (D-Fla.) and Frank Lautenberg (D-N.J.) held a briefing to stress the importance of lifting the liability limit for oil giants from $75 million to $10 billion.
“I don’t think BP’s words are anything to rely upon," said Menendez. Added the New Jersey Democrat, "By lifting the cap unlimitedly, whoever is determined to be beyond BP, the responsible party, will also be [held] responsible.
Lautenberg noted that BP does have the available funds to meet additional costs posed by a higher cap.
“BP had a $5 billion dollar profit quarter...they can afford to pay for their mistakes,” Lautenberg said.
After the Senate failed to pass legislation on Tuesday that would raise the liability cap for those responsible for the oil spill, Senators Robert Menendez (D-N.J.), Bill Nelson (D-Fla.) and Frank Lautenberg (D-N.J.) held a briefing to stress the importance of lifting the liability limit for oil giants from $75 million to $10 billion.
“I don’t think BP’s words are anything to rely upon," said Menendez. Added the New Jersey Democrat, "By lifting the cap unlimitedly, whoever is determined to be beyond BP, the responsible party, will also be [held] responsible.
Lautenberg noted that BP does have the available funds to meet additional costs posed by a higher cap.
“BP had a $5 billion dollar profit quarter...they can afford to pay for their mistakes,” Lautenberg said.
Reader Comments