The concern there is that the amount is insufficient. I have a slightly different view in that I agree there should be an absolute liability amount in both sectors. What I also think is that there should be negligence beyond the absolute liability amount in both sectors, but I don't think a billion dollars is sufficient, in any way, shape, or form, in either sector. For example, in the Deepwater gulf situation, we saw the President introduce a $20 billion fund right after that accident. A billion dollars might be a drop in the bucket in the Arctic context. The issue about demonstrating adequacy of resources means that you have to make sure that those resources are available right away for the absolute liability amount, both to deal with the implications of the spill, as well as the impact on livelihoods that's happening right away.
On June 3rd, 2014. See this statement in context.