Comment

BP Makes Deal to Set Up $20B Fund

31
HAL20106/16/2010 9:36:13 am PDT

re: #29 ralphieboy

Which amounts to a de-facto subsidy of the oil industry: by limiting liability, we lower insurance costs, which would otherwise make it provibitively expensive.

We do that to Nuclear Power as well, and with good reason - otherwise there would be no investment.