Pelosi: Eliminate liability limit for oil spills

AP on Yahoo ^ | 6/11/10 | AP

[NormsRevenge]

WASHINGTON – 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. Pelosi said at a news conference that she supports legislation eliminating the cap as part of a series of bills Congress is working on in response to the spill.

[NormsRevenge]

Would she invoke a Rosie's Clause? You just seize the company and assets ..

[NormsRevenge]

U.S. Speaker of the House Nancy Pelosi (L) watches as U.S. President Barack Obama meets with Congressional bi-partisan leaders in the Cabinet Room of the White House in Washington June 10, 2010. REUTERS/Larry Downing

[NormsRevenge]

Democrat leaders Nancy Pelosi and Harry Reid (R) speak after a bipartisan meeting with President Barack Obama at the White House in Washington June 10, 2010. REUTERS/Kevin Lamarque

[TexasFreeper2009]

this would permanently raise the price of all products made with oil.

[shibumi]

"... a series of bills Congress is working on in response to the spill."

Which number in the series is public execution? Does it include being drawn and quartered?

[Canedawg]

The party of trial lawyers.

EFF tort reform- get rid of all known limits!!!

No cap on damages- just cap and trade.

Freakin’ fecalheads are in control of the govt.

[NormsRevenge]

Oh Come On Smile, Harry. How many million you got stashed away?
Go blow some of your own money for a change. Retirement will be fun.

U.S. President Barack Obama meets with Congressional bi-partisan leaders in the Cabinet Room of the White House in Washington June 10, 2010. Also attending are Speaker of the House Nancy Pelosi (L) and Senate Majority Leader Harry Reid (R). REUTERS/Larry Downing

[impimp]

Pelosi is right. Although the damages must related to court payouts to private individuals. There should be a cap on payments to the government.

[OCCASparky]

Hmmmm...wasn’t there something in the Constitution about ex-post facto laws and Bills of Attainder? Oh, wait, silly me! She has to READ the Constitution to know what’s in it!

[VictoryGal]

Agreed. BP needs to pay each person whose livelihood was destroyed by THEIR spill. The limit is a joke.

We should be against the limit, too. The spill is BP’s responsibility, and they must pay what they have to.

[impimp]

Yes - any new law in this regard would not apply to the BP case.

[Jackson57]

Wow, think of what this will do the the US economy. What international company is going to want to do business in the US knowing that there is unlimited liability for things not totally in their control?

[Raycpa]

Those running footsteps you hear are the attorneys racing to file the paper work necessary to remove the oil companies assets from US jurisdiction.

Takeover industry list so far is auto, health, and now oil.

[NormsRevenge]

the beat goes on..

[impimp]

Are you a socialist?

Put the shoe on the other foot. How do you think international companies feel about not being FULLY COMPENSATED for what BP did?

[RedStateRocker]

What if a fine is levied against all oil spilling *AFTER* a date, say 12:01 am tomorrow? If the government levied, say a $10,000 per gallon fine on all oil leaking AFTER midnight tonight would it still be Ex Post Facto?

[LiberConservative]

While your at it Pelousy, make a law allowing US citizens to suit the US government to recoup squandered tax dollars.

[Moby Grape]

“Takeover industry list so far is auto, health, and now oil.”

Castro said that if you control the people’s health and all of the energy (plus take their guns) them you HAVE THEM forever.

[FrankR]

Eliminate Pelosi’s position in Congress would be better.

[Buckeye McFrog]

“Takeover industry list so far is auto, health, and now oil.”

A one hundred billion dollar judgment from a Liberal court should do the trick nicely.