Liberal Democrat environment spokesman Ed Davey asked: "Is he prepared to guarantee, for the entire life of the nuclear plants, that there will be no hidden subsidy, no super-long unfair price contract, no cap liabilities, no government support for nuclear waste decommissioning, no assistance with waste disposal and no stealth nuclear tax for consumers?
For example, while the proposal aims to cap liabilities, it doesn't spell out what, if anything, it will do about banks' control over other areas of the market.
The Bhopal case has taken on new significance in recent months as India's Parliament has been debating a law capping liability for foreign nuclear power companies operating in India.
The commission hopes that its recommendations, which apply in the first instance to England but which could also be picked by the Welsh government in a forthcoming social services bill, would spark the insurance sector to offer policies that people could take out to cover their capped liability.
They should be accountable for all cleanup costs, and they should be liable for all damages to persons, properties and livelihoods that stem from the spill (even though Congress foolishly capped liability for such damages to only $75 million).
A 1997 federal law -- the Amtrak Reform and Accountability Act -- caps liability damages for railroads at $200 million.
Mr. Zubrow added that "artificially capping liabilities" of banks would hinder their ability to make loans or invest in government bonds.
Police and prosecutors sought to portray the Ghanaian-born, British-educated former public schoolboy as an out-of-control gambler who dispensed with the safety net of parallel hedged deals – a requirement that limits profits but, crucially, caps liabilities – purely so he could become a star trader with a big bonus.
Insurers are moving to protect themselves by capping liabilities for mold removal, especially in Texas, where there's a confluence of high humidity and wacky judges.
