Quote from Mercor:
Yes and approved by Congress. I don't like it.
There is another point of view.
Some feel that the public should have stake in the risk of production. Government tax breaks for employee health care is a good example. We all sacrifice tax receipts so that corporations can afford and offer healthcare for its workers.
Because oil is important to the public should the public also share the risk of drilling. Capping liability is one way to shift risk to the general public.
I disagree.The public should never assume the risk or liability for a for-profit company imo