Sentence examples for liability cap from inspiring English sources

TEPCO favours a liability cap.

Others are campaigning for more stringent regulations and the removal of the liability cap for investors.

For instance, a future government may simply ignore the liability cap and demand that the supplier pay up a much larger figure in the event of an accident.

Certainly there are some sensible steps they can take, like lifting the liability cap and freeing regulators from the sway of industry.

Representative Doc Hastings of Washington, the ranking Republican on the House Natural Resources Committee, said removing the liability cap could devastate small and medium-sized drillers.

But lifting the liability cap would serve as a powerful incentive to other companies to take every possible precaution against a blowout.

Senator Mary Landrieu, a Democrat from Louisiana, complains that lifting the liability cap would discourage smaller drillers without deep pockets that could be bankrupted by a single accident.

Republicans in Congress have blocked any new rules for offshore drilling and new spending for regulation and have not acted on proposals to raise the liability cap.

So the [oil spill liability] cap inevitably distorts the way companies evaluate their risk.

As attorneys and relatives noted in 2008, "As a result [of the liability cap], taxpayers may wind up footing the bill for some crash victims whose awards will not cover future medical expenses". This makes no sense.

It's as if he doesn't care.8 08: Part of the idea behind the escrow account is that it would strip BP of any bargaining power associated with the $75m liability cap.8 06: Whoa, third-party control of the BP escrow account.