Gulf Disaster Prompts Slate Of Bills Aimed At Big Oil

Law360, New York (May 12, 2010, 1:48 PM EDT) -- The ongoing oil spill from the BP PLC-operated Deepwater Horizon rig in the Gulf of Mexico has sparked a spate of legislative responses in the U.S. Senate, with new bills aiming to raise the cost of drilling on the outer continental shelf and ratchet up monetary penalties for spill-related damage.

Sens. Frank Lautenberg, D-N.J.; Robert Menendez, D-N.J.; and Sheldon Whitehouse, D-R.I., on Tuesday introduced collectively four bills to address the causes and consequences of the Deepwater Horizon spill, which continues to leak oil into the Gulf...
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