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.
Senate Democrats Want To Ensure BP Is Held Accountable
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.