H.Con.Res. 280 (111th): Expressing the sense of Congress that BP p.l.c. should reimburse all costs incurred by the Federal Government ...

HCON 280 IH

Expressing the sense of Congress that BP p.l.c. should reimburse all costs incurred by the Federal Government in assisting with cleanup efforts in the Deepwater Horizon oil spill incident in the Gulf of Mexico.

May 19, 2010

Ms. KILROY (for herself and Mr. AL GREEN of Texas) submitted the following concurrent resolution; which was referred to the Committee on Transportation and Infrastructure

Expressing the sense of Congress that BP p.l.c. should reimburse all costs incurred by the Federal Government in assisting with cleanup efforts in the Deepwater Horizon oil spill incident in the Gulf of Mexico.

Whereas BP p.l.c. was responsible for drilling operations of the Deepwater Horizon offshore drilling rig in the Gulf of Mexico that resulted in a massive and continuing oil spill;

Whereas David Kotok, chairman and chief investment officer of Cumberland Advisors, estimates that the cost of the cleanup effort in response to the Deepwater Horizon oil spill incident will exceed $12,000,000,000;

Whereas during fiscal years 2005 through 2009, BP p.l.c. announced profits totaling $98,402,000,000;

Whereas in the first quarter of fiscal year 2010, BP p.l.c. has announced a profit of $5,598,000,000; and

Whereas the Exxon Mobil Corporation paid $7,000,000,000 for cleanup and damage assessments for the Exxon Valdez oil spill incident, including for containment booms, burning, dispersants, skimming, and hot-water and high-pressure treatments: Now, therefore, be it

Resolved by the House of Representatives (the Senate concurring), That it is the sense of Congress that BP p.l.c. should reimburse all costs incurred by the Federal Government in assisting with cleanup efforts in the Deepwater Horizon oil spill incident in the Gulf of Mexico.

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