Statement by President Obama on Oil Liability

In the wake of Republican Senator Jim Inhofe’s blocking of a Democratic proposal on Tuesday to boost the liability cap on oil spills from the current $75 million to $10 billion, President Barack Obama released this statement today on the issue of Oil Liability:

“I am disappointed that an effort to ensure that oil companies pay fully for disasters they cause has stalled in the United States Senate on a partisan basis. This maneuver threatens to leave taxpayers, rather than the oil companies, on the hook for future disasters like the BP oil spill. I urge the Senate Republicans to stop playing special interest politics and join in a bipartisan effort to protect taxpayers and demand accountability from the oil companies.”

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