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Politics : Sioux Nation
DJT 13.77-3.8%Dec 26 9:30 AM EST
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To: SiouxPal who wrote (190927)5/4/2010 7:40:41 PM
From: S. maltophilia  Read Replies (1) of 361897
 
<<Will the oil company really HAVE to pay for the damages?>>
Nope. We will:

...§1004 The liability for tank vessels larger than 3,000 gross tons is increased to $1,200 per gross ton or $10 million, whichever is greater. Responsible parties at onshore facilities and deepwater ports are liable for up to $350 millon per spill; holders of leases or permits for offshore facilities, except deepwater ports, are liable for up to $75 million per spill, plus removal costs. The Federal government has the authority to adjust, by regulation, the $350 million liability limit established for onshore facilities.
epa.gov

Of course, nothing prevents states affected from acting under their own laws (§1018(a),§1019). No doubt Louisiana, Mississippi, etc. have powerful legislation in place....

And private interests are also welcome to piss into the wind forever:
portfolio.com
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