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Dallas-Fort Worth, Texas Discuss
Exxon Mobil, others fighting asbestos fund
09:30 AM CST on Monday, February 6, 2006
Bloomberg News
The U.S.
Senate may block a proposed $140 billion fund for asbestos victims that has drawn opposition from companies such as Exxon Mobil Corp.
and BorgWarner Inc.
and lawmakers in both parties.
The companies, along with insurers, are fighting the fund because they say they would pay too much to finance it.
The legislation has generated as much opposition from Republicans as Democrats, even though the top Senate Republican, Majority Leader Bill Frist, has called it a key priority and broug...
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