Let’s tell big oil: You break it, you buy it
By Representative Raul Grijalva (D-AZ), The Hill
5.28.10
“That’s why, last week, I introduced HR 5355. The “no cap” bill would completely eliminate the arbitrary $75 million liability cap, because the best way to ensure responsible behavior is to make corporations responsible for their actions. They benefit when things are going well, so why should taxpayers take the hit when things go badly? A single dollar of public money spent to clean up after BP is one dollar too many. When the bottom line is at stake, industry will change its behavior for the better. Any cap we place on economic compensation is inherently arbitrary, so let’s not have one.”
