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Senate Proceeding 05-13-10 on May 13th, 2010 :: 0:00:50 to 0:04:40
Total video length: 6 hours 15 minutes Stream Tools: Stream Overview | Edit Time

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Views:66 Duration: 0:03:50 Discussion

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Bob Corker

0:00:44 to 0:01:04( Edit History Discussion )

Bob Corker: well, we've learned that there is no such thing as too safe not to spill. supposedly, the unthinkable has happened, and not only that, but it has happened before. just last yea in australia, the montera oil spill began on august 21. by some eimates, the spill sent over 80,000 gallons of oil

Bob Corker

0:00:50 to 0:04:40( Edit History Discussion )
Speech By: Bob Corker

Bob Corker

0:01:05 to 0:01:27( Edit History Discussion )

Bob Corker: a day into the waters off the coast of australia. and it was months before they could staunch the flow of oil and it resulted in one of the largest environmental disasters in australian history. we should have learned from that experience, but, no, we have the challenge before the nation today.

Bob Corker

0:01:28 to 0:01:49( Edit History Discussion )

Bob Corker: in comparison, the deepwater well that is leaking in the gulf is sending nearly 210,000 gallons of oil a day into the gulf, over twice the flow from the australian spill, several million gallons alrdy.

Bob Corker

0:01:50 to 0:02:10( Edit History Discussion )

Bob Corker: and just like the australian drill the relief well. two disasters in one year, yet big oil companies say over and over again that the technology was simply so safe, a spill like this could never happen. the reality is much different than industry claims. there simply is no safety system

Bob Corker

0:02:11 to 0:02:31( Edit History Discussion )

Bob Corker: too safe to fail and no rig that is too safe not to spill. there is no doubt that the damages that will be caused by this spill will be enormous. unfortunately, federal law sets a $75 million limit on how much an oil company has to pay for damages. not the cleanup, that they clearly are going to have to

Bob Corker

0:02:32 to 0:02:53( Edit History Discussion )

Bob Corker: pay, but for the damages. so b.p. would not have to pay more than a total of $75 million to small businesses for lost revenues from fishing, tourism, damage to the environment, the coastline or the lost tax revenues of state and local governments. that's why i, along with senators nelson and lautenberg,

Bob Corker

0:02:54 to 0:03:17( Edit History Discussion )

Bob Corker: have introduced "the big oil bailout prevention act," to raise the liability cap for offshore oil well spills from $75 million to $10 billion. that will make sure that taxpayers, small business owners, states and local and federal governments will not bail out big oil polluters for

Bob Corker

0:03:18 to 0:03:39( Edit History Discussion )

Bob Corker: this spill or any other. so this spill should serve as a raleighing cry for oil -- reallying cry for holding -- a a rallying cry for holding big oil responsible for disasters or any future ones. but it should also be a rallying cry to make us think about expanding offshore oil drilling

Bob Corker

0:03:40 to 0:04:00( Edit History Discussion )

Bob Corker: to places which are not already open to oil drilling, like my home state of new jersey. instead of expanding drilling and doubling down on 19th century fuels, we should be investing in a new 21st century green economy that will create thousands of new jobs, billions in new wealth and help protect our air and water from pollution.

Bob Corker

0:04:01 to 0:04:21( Edit History Discussion )

Bob Corker: we'll revisit that debate soon enough, but for now i think we should all be able to agree that when an oil company causes damage by spilling oil into american waters, the oil company bears the responsibility to pay for the damage that it caused. my mom taught me growing up that when you mess up, you clean up

Bob Corker

0:04:22 to 0:04:41( Edit History Discussion )

Bob Corker: and you're responsible for it. oil companies should get that message as well. this will help make gulf communities whole and it will provide a stronger safety net for our communities along places like the new jersey shore, who are looking warily at plans for future drilling along the east coast. with that, mr. president, in a moment i plan to ask consent on

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