Landrieu: Oil liability measure bogged down by ‘technical’ woes
In February they said they were close to unveiling a plan.
The mutual fund idea — which has been under negotiation in various forms since last year — is aimed at keeping companies on the hook for accidents while ensuring that smaller and mid-sized operators aren’t priced out of the Gulf drilling market.
“It is not about the members. It is about the technical aspects of how to put an insurance fund together where everybody can participate and still drill in the Gulf,” Landrieu said Thursday in the Capitol.
Landrieu and Begich circulated separate but similar proposals last year (see our posts here and here).
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