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Thank goodness the BP “Deepwater Horizon” oil well was finally capped. However, Congress needs to resolve the matter as to whether or not federal monetary caps for damages against offshore oil companies and their subsidiaries should be pre-imposed.
Oil Rig Explosions – Are Companies Placing Profits Over Safety?
As the BP oil rig continues to leak into the gulf, Congress continues to debate whether caps should be raised for oil companies involved in offshore spills. According to the Huffington Post, it has been nearly three weeks since a proposal for raising the liability cap from $75 million to $10 billion was introduced and… read more