SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : American Presidential Politics and foreign affairs
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (44543)7/31/2010 6:20:25 PM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
Yep.

And if (the rather high legal standard of) "gross negligence" is not validated in court?

Would money --- once paid out --- then be 'recalled'? Or claimed as a tax write-off?

In any event this distinction is also still in the regs: ... the $75 million ceiling applies to the economic and natural-resource damages companies can be forced to pay for offshore oil spills. While, under existing law, companies already are responsible for all pollution cleanup costs.

I'd wager that cleanup costs are likely to be the far smaller potential cost of the two in any large-scale disaster of this sort.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News