A day after President Obama said that he will help whip votes for passing climate change legislation in the Senate this year, Senate Majority Leader Sen. Harry Reid [D, NV] called on committee chairmen to prepare a strategy for passing a climate bill this summer. And he's calling for proposals to address the BP oil leak to be rolled into it.Read Full Article Comments (10)
Senate Democrats have tried three times to pass their bill to raise the liability cap on oil companies for the economic impact of spills, and three times Republicans objected -- once through Sen. Lisa Murkowski [R, AK] and twice through Sen. David Vitter [R, LA]. The Republicans call the Democrats' proposal for a $10 billion cap "arbitrary" and argue that it would be too high for all but the biggest oil companies to be involved in offshore drilling.
On May 25, after objecting to the Democrats' bill for the second time, Senator Vitter came out with his own alternative, called the Acceptance of Liability and Expedited Claims at Mississippi Canyon 252 Act. According to Vitter, his bill would completely remove the liability cap for economic damages on BP for the Deepwater Horizon spill and establish an expedited claims process.Read Full Article Comments (3)