mattlew69 wrote:BP should buy all of these prints!
i kinda agree with cktbreaker. BP makes billions in profit each quarter and they can only give 75 million for cleanup.
FYI, these past 2 posts are 100% false, BP's responsibility for DAMAGES to those affected by the spill (i.e. fishers who can't fish) is capped at 75 million, additionally there is a $1 billion+ trust fund that all Gas co's have been paying into for years that was set up following the Exxon Valdez spill for damages >75 million.
BP is responsible for ALL costs associated with the clean up(i.e stopping spill and removing oil from the waters)
Additionally, they will face civil fines by the US Gov.
from epa.gov
§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.