White House: Raise industry fees for clean-up fund

Posted May 12, 2010 at 11:02 a.m.

Associated Press | The White House is asking Congress to raise a liability cap that could limit how much BP has to pay in economic damages in the Gulf oil spill. The administration also wants to increase a per-barrel tax on oil companies to replenish a clean-up fund likely to be tapped to pay for the massive spill.

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