Bus - BP Must Pay Oil Spill Costs
Bus - BP Must Pay Oil Spill Costs
Bus - BP Must Pay Oil Spill Costs
US President Barack Obama is pressing for a law that would force British Petroleum to pay
the full cost of the oil leak off the Gulf of Mexico. The bill could run into billions of dollars.
This report is from Mark Mardell:
Five thousand barrels of oil a day continue to spew into the Gulf of Mexico threatening five
states. The investigations into the accident are far from over but United States senators have
heard evidence from the companies involved that it might have been caused by a combination
of faulty wiring, a leak in the equipment designed to prevent blowouts and even a dead
battery.
President Obama has written to Congress saying he will spare no effort trying to help those hit
by what he calls a massive and potentially unprecedented environmental disaster.
Mr Obama's letter says the government will aggressively pursue full compensation and as
part of that he wants the limit lifted on the amount oil companies are liable to pay after a spill.
At the moment it's capped at 75 million dollars and although the president doesn't suggest a
new figure some politicians are talking about raising it to at least 10 billion dollars.
This is not just about the clean up itself. The new law would make the companies pay for
unemployment benefit for those, like fishermen who are put out of work, emergency aid for
them, agencies to help them find new jobs, increased safety inspections and even more
frequent checks to make sure fish from the gulf are safe to eat.
The new law would be retrospective. British Petroleum has said it will pay all costs. United
States officials are making it clear they will interpret "all" to mean every last cent.
faulty wiring electrical system that is broken or was not made correctly
full compensation payment of the total amount of money needed to pay for
everything related to the oil spill
liable to pay legally responsible for paying for damage or injury caused
capped at limited to