Page 9 - Liability Cap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Slick ashore to florida. bp now says that the cleanup costs will exceed the $75 million liability cap imposed by federal law. lawmakers are trying to raise that cap to $10 billion. democratic senator from florida bill nelson met with bp executives yesterday. he joins us now. senator, thanks very much. what did you hear behind the scenes. publicly they're saying, oh, we'll take care of it all. privately they've not been quite so forthcoming. >> well, it was not the same that was said publicly before. first of all, they admitted that they will exceed the existing law cap which is only $75 millio...

They expect to exceed the liability cap of $75 million. and when i said, will you be responsible for the economic damages, he said, that is something that we will have to work out in the future. taken w. he recommended citracal. it's different -- it's calcium citrate, so it can be absorbed with or without food. also available in small, easy-to-swallow petites. citracal. a heart attack at 57. that was a rough time. my doctor told me i should've been doing more for my high cholesterol. ♪ you should've listened. you're right. now i'm eating healthier and i trust my heart to lipitor. [ male anno...

Latest updates on this topic from reliable sources.

Want to see real resolve and also they want guarantees bp is going to pay what they say they will. right now there is a $75 million liability cap. bp says they will not be beholden to that. they'll pay legitimate claims. i think a lot of people here support the idea of an escrow account. setting aside billions of dollars by bp off to actually pay future claims. they want to know that the claims being made now are going to get paid in a timely manner. so far they haven't been. a new report out by state of louisiana today saying just that, saying the -- the data, bp is supposed to be giving the ...

And what the judge said is that it's up to the government to show the risk. well, i think we can show what's happening in the gulf of mexico. so i think it's important that the secretary of interior demonstrate the risk factors that are currently there in deep water. >> what do you make of the judge as it's been reported, he's got oil interests. >> well, i think i'm going to leave that one alone. obviously, we want to make sure that we have an independent judiciary. it's important that judge who have conflicts let the parties know about these conflicts and then there's procedures which can tak...