The way the Washington Post reported the story, Congress has finally pushed through “tougher” off-shore drilling regulations for oil companies.
Two key Senate committees approved legislation before the July 4 holiday that purport to change the way the federal government regulates offshore oil drilling and that penalize companies for oil spills. Both measures passed on bipartisan voice votes. One approved by the Energy and Natural Resources Committee would raise the civil and criminal penalties for a spill, require more safety equipment redundancies, boost the number of federal safety inspectors and demand additional precautions for deep-water drilling. The other, passed by the Environment and Public Works Committee, would remove a $75 million limit on oil company liability and would retroactively remove the liability cap for BP and the Deepwater Horizon explosion.
The Post article stated that these measures ”demonstrat[e] lawmakers’ eagerness to respond to the disaster in the Gulf of Mexico.” The writer ought to have more accurately said that the measures demonstrate lawmakers eagerness to look like they are responding to the disaster. In the real world, the proposed measures will serve mostly as election-year greenwashing, with little genuine impact.
New Congressional oil-drilling regs are about looking clean, not about real limits on drilling