Top Republicans say removal of oil spill liability cap needs to be permanent . The decades Oil Pollution Act caps liability at $ 10 billion . `` If you 're an unsafe company that 's also small , we should ( all ) be concerned , '' he said . Democrats warn a removal of liability caps would create an oil monopoly . It `` could set back this nation 's energy future for decades , '' senator warns .
Top Republicans say removal of oil spill liability cap needs to be permanent . The decades Oil Pollution Act caps liability at $ 10 billion . Democrats warn a removal of liability caps would create an oil monopoly . It `` could set back this nation 's energy future for decades , '' senator warns .