BP Says Limits on Drilling Imperil Oil Spill Payouts

BP is warning Congress that if lawmakers pass legislation that bars the company from getting new offshore drilling permits, it may not have the money to pay for all the damages caused by its oil spill in the Gulf of Mexico.

The company says a ban would also imperil the ambitious Gulf Coast restoration efforts that officials want the company to voluntarily support.

http://www.nytimes.com/2010/09/03/business/03bp.html?_r=1&th&emc=th