Lisa Murkowski: “I represent a State that was devastated a little more than 20 years ago when the Exxon Valdez hit the rocks. We lived…”

“I represent a State that was devastated a little more than 20 years ago when the Exxon Valdez hit the rocks. We lived with oil on our beaches. We know the economic impact. We know the social impact that a spill can cause. We want to all be working together to ensure that whether it is the devastation we see in the hotels in Florida or whether it is the loss to the fishermen, that we ensure those who are responsible pay for the economic loss, for the damages that are incurred. The reason I stand and object at this point in time is I do not believe that taking the amount of the liability cap from $75 million, where it is currently, to $10 billion in strict liability, 133 times the size of the current strict liability limit, is where we need to be right now.”