Thursday, May 20, 2010

Repeat After Me: "Status Quo Ante"

Amidst the discussions of BP and the oil spill in the Gulf of Mexico, the issue of liability comes up. Apparently the current liability of any oil company for a spill in US waters is limited to $75 million by statute. The senate is trying to up that to $10 billion but Lisa Murkowski (R - Alaska & Big Oil) is blocking it.

$10 billion is not enough. There's only one way to put it.

Entities causing a spill should be responsible for spending whatever it takes to restore the local ecosystem affected by the spill to the status quo ante. In other words, to the way it was before.

If you can't afford to do that, don't spill the oil.

Repeat after me: Status Quo Ante

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