Showing posts with label liability limit. Show all posts
Showing posts with label liability limit. Show all posts

Saturday, 12 June 2010

Pelosi Eliminate liability limit for oil spills

House Speaker Nancy Pelosi says oil companies that cause major spills like the BP spill in the Gulf of Mexico should face unlimited liability for economic damages.

Federal law caps liability at $75 million for economic damages beyond direct cleanup costs.

Source:
http://news.yahoo.com/s/ap/20100611/ap_on_bi_ge/us_gulf_oil_spill_liability_limit