Pages

Sunday, May 23, 2010

Senator Wants Corporate Welfare for BP


US Senate Energy and Natural Resources Committee member Lisa Murkowski has urged Congress not to overreact legislatively to the Gulf of Mexico oil spill.

On May 13, Murkowski and other Republicans blocked Senate Democratic attempts to pass the "Big Oil Bailout Prevention Liability Act" which would cap BP's liability at $10 billion, even if damages from the Gulf of Mexico oil spill surpass that figure. The company already estimates that the spill will cost $450 million to clean up.

It has been reported that Murkowski, a drilling supporter, has received at least $300,000 in campaign contributions from the oil and gas industry.'

Read more...

No comments:

Post a Comment

Thanks for your comment it is much appreciated.