How High Should Congress Set the Liability Cap?

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


At a Senate hearing on Tuesday, Interior Secretary Ken Salazar essentially agreed with Republican opponents of a bill to raise the liability cap for oil spills to $10 billion, arguing that it would keep smaller companies out of the drilling business.

But on Tuesday afternoon, after two failed attempts to pass the measure, President Barack Obama issued a statement calling on the Senate to approve the $10 billion cap—leaving some of us (or at least, me) wondering what the administration actually thinks about the issue.

Here’s Obama’s statement:

I am disappointed that an effort to ensure that oil companies pay fully for disasters they cause has stalled in the United States Senate on a partisan basis. This maneuver threatens to leave taxpayers, rather than the oil companies, on the hook for future disasters like the BP oil spill. I urge the Senate Republicans to stop playing special interest politics and join in a bipartisan effort to protect taxpayers and demand accountability from the oil companies.

Meanwhile, Senate Majority Leader Harry Reid told reporters that he doesn’t think there should be any cap on payouts, in light of the fact that the estimates on the BP spill are already as high as $14 billion (and climbing).

So what, if any, limit should Congress set on how much BP and other oil companies have to pay out in the event of a spill? Some clear direction from leadership might help the process.

A BETTER WAY TO DO THIS?

We have an ambitious $350,000 online fundraising goal this month and we can't afford to come up short. But when a reader recently asked how being a nonprofit makes Mother Jones different from other news organizations, we realized we needed to lay this out better: Because "in absolutely every way" is essentially the answer.

So we tried to explain why your year-end donations are so essential, and we'd like your help refining our pitch about what make Mother Jones valuable and worth reading to you.

We'd also like your support of our journalism with a year-end donation if you can right now—all online gifts will be doubled until we hit our $350,000 goal thanks to an incredibly generous donor's matching gift pledge.

payment methods

A BETTER WAY TO DO THIS?

We have an ambitious $350,000 online fundraising goal this month and we can't afford to come up short. But when a reader recently asked how being a nonprofit makes Mother Jones different from other news organizations, we realized we needed to lay this out better: Because "in absolutely every way" is essentially the answer.

So we tried to explain why your year-end donations are so essential, and we'd like your help refining our pitch about what make Mother Jones valuable and worth reading to you.

We'd also like your support of our journalism with a year-end donation if you can right now—all online gifts will be doubled until we hit our $350,000 goal thanks to an incredibly generous donor's matching gift pledge.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate