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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (44247)7/20/2010 4:30:00 PM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
Re: [Oil companies had little incentive to be appropriately careful.] "Nonsense. Major leaks cost the companies hundreds of millions to billions...."

So let's change that from 'little incentive' to 'LESS incentive'....

And also, of course, *smaller to middlin' sized spills*, say a spill with a $100 million damage assessment could easily be made much less harmful to the spilling company's bottom line by a statutory damage cap of $35 million.

Works exactly the same way as the damage caps that GOP always wants to put on medical liability claims... except that with a big environmental disaster obviously direct and indirect harms are spread out much more widely through the economy and population.
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