WASHINGTON — U.S. Sen. Robert Menendez is scheduled to introduce legislation on financial damages paid by oil firms after spills, according to a report by HuffingtonPost.com. This new bill would eliminate caps on financial damages to be paid by the firms, expanding on an earlier bill he had introduced, which capped financial damages to $10 billion, the report said....
A broken oil boom snakes through the water on a beach today at Elmer's Island, Louisiana. Cleanup crews had worked for days trying to remove oil from beach. As BP prepares to try and stop the oil leak with a "top kill" method, the Louisiana coastline is reeling from the effects of the continued gusher.
WASHINGTON — U.S. Sen. Robert Menendez is scheduled to introduce legislation on financial damages paid by oil firms after spills, according to a report by HuffingtonPost.com.
This new bill would eliminate caps on financial damages to be paid by the firms, expanding on an earlier bill he had introduced, which capped financial damages to $10 billion, the report said.
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