US Senate Democrats weigh unlimited oil liability

WASHINGTON, May 18 (BestGrowthStock) – Democrats in the U.S. Senate
are considering pushing legislation that would place no limits
on the liability oil industry companies would face if they are
responsible for oil spills, New Jersey Senator Robert Menendez
said on Tuesday.

“We will be discussing whether to go to unlimited
liability,” Menendez told reporters. Menendez and other
Democratic senators previously were seeking a bill for a $10
billion liability cap per company, per incident, up from the
current $75 million.

The legislation is in response to the huge Gulf of Mexico
oil spill.
(Reporting by Richard Cowan)

US Senate Democrats weigh unlimited oil liability