Summary
As oil continued to spew from a damaged offshore well, Senate leaders disagreed Sunday on how hard the government should press oil companies to pay for such environmental disasters in the future.
Sen. Charles E. Schumer, D-N.Y., the third-ranking Democrat in the Senate, said it is time to lift the $75 million congressionally mandated cap on oil company liability in the case of accidents like the April 20 explosion that killed 11 and released millions of gallons of oil into the gulf.See the full content of this document
Extract
Senators at Odds Over Lifting Cap On Oil Damages
But Senate Republican Leader Mitch McConnell of Kentucky said caps can be an important incentive to keep the private secto...
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