Thursday, May 13, 2010

Oil money in her pocket

Big Oil Keeps Its Bailout -- For Now
Alaska Senator Lisa Murkowski moved today to guarantee a bailout of BP and other parties responsible for the Deepwater Horizon oil catastrophe. Senator Robert Menendez had introduced legislation, (The Big Oil Bailout Prevention Act) that would have ensured BP can't hide behind the $75 million liability cap that the oil industry had previously lobbied and obtained from Congress for damages from an oil spill.

But Murkowski, once again using the Senate's "Polish rules" by which a single senator can prevent the majority from legislating in a crisis, blocked consideration of the bill. By objecting to proceeding with the Big Oil Bailout Prevention Act, Murkowski did a huge favor for her allies and financial supporters in the oil industry. That's because Menendez's bill not only would have protected fishermen and communities in the Gulf of Mexico from being stuck with the bill for Big Oil's recklessness at Deepwater Horizon -- it would also have ensured that, as the oil industry moves into even more-dangerous Arctic waters of the Chukchi and Beaufort Seas, it would be held accountable for future catastrophes.

Pissed at Lisa for two reasons. One because she bowed down to the mighty oil dollar. And two - having Polish heritage - am appalled that a tactic called "Polish rules" will benefit Big Oil.


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