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Gulf oil spill: Senators disagree over liability limits

from Los Angeles Times

Senate leaders disagreed on how hard the government should press oil companies to pay for oil spills such as BP's well blowout in the Gulf of Mexico. Sen. Charles E. Schumer of New York, the third-ranking Democrat in the Senate, endorsed lifting the $75-million congressionally mandated cap on oil company liability, but Senate Republican leader Mitch McConnell of Kentucky said caps could be an important incentive to keep the private sector exploring for energy resources. more

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