Note that BP is the lease operator. Its subcontractor Transocean was responsible for the rig itself.
The manufacturer and suppliers of the drilling rig and equipment are not liable.
The US origin reactors would be owned and operated by India. The operator has liability.
The Bill, atomised
The arguments of the Left parties are based on a faulty understanding of the US’s Price Anderson Act. In the US, all nuclear power plants are operated by the private sector, unlike in India, France and Russia where they are all operated by government companies. In the US, all the operators and equipment suppliers have pooled together to form a fund with a corpus of $10 billion. Compensation to the victims of a nuclear accident will be paid out of this fund according to a complex formula. The US government has no obligation whatsoever to compensate the victims of a nuclear accident. The Left parties are falsely claiming that the US has a liability cap of $10 billion. Payments out of this corpus for any one particular accident would be far far less than $10 billion.
Manoj Yadav is counting chickens before a single egg has been layed
Since India has developed its nuclear technology in using natural Uranium and Thorium as a nuclear fuel through indigenous efforts, the import of enriched Uranium reactors is considered to slow down the process of nuclear research and development in India.
Decades from now India might be able to use Thorium for widescale production of power. It is also possible that the technology doesn't work out. Or the Thorium may be off-limits to extraction due to concerns by fishing folk.
Where will the baseload electrical power that India needs now for economic growth come from? Where will the fissile material for Thorium conversion come from?
The critics of the nuclear deal have been raising bogeymen for years. By now, India was supposed to have signed the CTBT and NPT. The IAEA would be running all over India, pursuing every last milligram of Uranium. Now they latch onto liability. Even Grand Ayatollah Sokolski gets into the act.
Suddenly reactors are terribly dangerous things that explode every other Friday. They need untold billions in money from the US treasury in case of accident. Many of these same critics advocate huge arsenals. One wonders where the fissile material for thousands of bombs was supposed to come from. Are Indian plutonium production reactors magically safer than US civilian power reactors? Are the Russian reactors safer? Does anyone seriously think Russia will provide ten billion dollars from their treasury in case of an accident at an Indian owned and operated reactor?
Obama went on record saying that BP is legally responsible for paying the costs of response and cleanup.
Obama can say whatever he wants.
http://www.telegraph.co.uk/finance/news ... -leak.html
The company also came under fire after it emerged its total liability for damages to the fishing and tourism industry may be limited to $75 million (£50 million) under federal law.
The cap was introduced after the 1989 Exxon Valdez spill in Alaska, with anything over that payable by a federal fund, the Oil Spill Liability Trust Fund.
BP said it would pay "all legitimate claims" but US Senators from coastal states unveiled a plan to lift the cap to $10 billion (£6 billion).
Democratic Senator Bill Nelson of Florida said: "BP says it'll pay for this mess. Baloney. They're not going to want to pay any more than the law says they have to."
Bill Nelson needs to read his constitution... specifically article 1 clause 3
No bill of attainder or ex post facto Law shall be passed.
The US has a cap on damages because without such a cap, nobody would drill for oil in their waters.
There is a cap on nuclear accidents for the same reason.
If people started to sue the power companies for environmental and health damage due to coal fired plants, there would be caps on that as well.
In the end, it is the state that ends up as provider of compensation.