Less than 1 minute ago
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\nHere\'s a copy of the press conference from last week, regarding the legislation, and the changes that will hopefully come. I copied one specific paragraph: "To deal more generally with the harm created by oil spills as well as to toughen and update these laws, the President is sending up to Congress a legislative package that will lift the caps on damage, increase the ceiling on the amount of money that can be expended on recovery per incident from the Oil Spill Liability Trust Fund, and provide other authorities and funding to help the federal government respond quickly to this crisis."
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\nHeres the link: http://www.whitehouse.gov/the-press-...browner-and-je\r\n
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Yep. Total bullshit. (But I am pretty sure its Million, not billion?) I think our president agrees. Keep in mind tho, that legislation is only in relation to economic damage. Part of that $500 million spent by BP so far is going to massive lawsuits, and cost of repair/failed repair attempts. Quote:
\r\n | \r\n \r\n \r\n Originally Posted by J Blox\r\n \r\n  \r\n Awesome. 500 billion and its not even close to done. You do know that after the EV incident there was legislation passed so the people are only liable for $750 billion. Can\'t wait to see what BP, Haliburton, and transocean do then. \r\n \r\n | \r\n
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\nHere\'s a copy of the press conference from last week, regarding the legislation, and the changes that will hopefully come. I copied one specific paragraph: "To deal more generally with the harm created by oil spills as well as to toughen and update these laws, the President is sending up to Congress a legislative package that will lift the caps on damage, increase the ceiling on the amount of money that can be expended on recovery per incident from the Oil Spill Liability Trust Fund, and provide other authorities and funding to help the federal government respond quickly to this crisis."
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\nHeres the link: http://www.whitehouse.gov/the-press-...browner-and-je\r\n