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BP Says Limits on Drilling Imperil Oil Spill Payouts

BP Says Limits on Drilling Imperil Oil Spill Payouts 03 Sep 2010 BP is warning Congress [!?!] that if lawmakers pass legislation that bars the company from getting new offshore drilling permits, it may not have the money to pay for all the damages caused by its oil spill in the Gulf of Mexico. The company says a ban would also imperil the ambitious Gulf Coast restoration efforts that officials want the company to voluntarily support. As state and federal officials, individuals and businesses continue to seek additional funds beyond the minimum fines and compensation that BP must pay under the law, the company has signaled its reluctance to cooperate unless it can continue to operate in the Gulf of Mexico.

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