REDEYE
WEDNESDAY, OCTOBER 20, 2010
Reuters
WILMINGTON, Del. BP said Monday it was committed to waiving the legal cap on its liability from the Gulf oil spill, which could have limited the cost to the oil giant to $75 million, plus cleanup costs. Under pressure from the Obama administration, the company also has established a $20 billion compensation fund, but a slew of lawsuits also have been brought against the company and its business partners. BP also said it reserved the right to seek reimbursement from the other defendants and denied engaging in grossly negligent conduct, which would open the door to potentially huge punitive damages.
In my opinion, the BP has to take responsibility for its action. To clean up sea is very difficult. It takes a lot of time and it costs a lot of money. This big company has to financially support the families of all those fishermen affected by the sea pollution.
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