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Thu May 16, 2013, 04:48 AM

BP to seek Cameron's help as oil spill costs escalate

Source: BBC News

BP wants Prime Minister David Cameron to intervene over the escalating cost of compensating US companies for the Gulf of Mexico oil disaster in 2010.

BBC business editor Robert Peston has learned that BP feels its financial recovery is in jeopardy because the compensation system is being abused.

The financial burden of paying fictitious and inflated claims may even make BP a takeover target, it fears.

BP hopes Mr Cameron will raise the issue with the US government.

Read more: http://www.bbc.co.uk/news/business-22549710

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Response to dipsydoodle (Original post)

Thu May 16, 2013, 05:28 AM

1. Personally I think the money that BP has in its coffers,

what they're giving to their CEO's and higher ups all should be confiscated and delivered to the People who were harmed by their total disregard for our environmental laws. The folks on the gulf coast getting the bulk of it with the rest of the people getting the remainder. Those citizens of the countries to the east, west and south included.
fuck BP. It should not be an entity any longer
Squeeze 'm until all is left is a small oily spot of putrid matter

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Response to madokie (Reply #1)

Thu May 16, 2013, 06:24 AM

3. Bhopal

American compensation for 2,259 immediate deaths, 16,000 subsequent deaths and 558,125 injuries. Criminal penalties for 7 senior employees, 2 years jail (however all released shortly after conviction) and a $2,124 fine each. Cost to Union Carbide, the US parent company $0, nada, zilch, zero. Attitude of US courts - foreigners have no standing.
Why is the American legal system viewed by the rest of the world as so one sided - because it is, it is there purely to protect American interests.

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Response to rootProbiscus (Reply #3)

Thu May 16, 2013, 06:31 AM

4. Actually its no wonder the bin ladens of this world hate us

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Response to rootProbiscus (Reply #3)

Thu May 16, 2013, 08:09 AM

6. Not just that either ...

> Criminal penalties for 7 senior employees, 2 years jail (however all released shortly after conviction)
> and a $2,124 fine each. Cost to Union Carbide, the US parent company $0, nada, zilch, zero.
> Attitude of US courts - foreigners have no standing.

The senior American employee skipped bail, fled the country back to the good ol' US of A and
has been living the high life ever since with his multiple homes, protection from the US government
(of both nominal flavours) and zero accountability for his actions.

Not one penny of compensation was extracted from his fortune.
Not one day of a jail sentence did he serve.
Not one blink of an eye has any American government given to the situation.

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Response to Nihil (Reply #6)

Thu May 16, 2013, 08:50 AM

8. Occidental got off light on Piper Alpha too.

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Response to dipsydoodle (Original post)

Thu May 16, 2013, 05:42 AM

2. Oh Mr. Cameron please save us from those ugly Americans who are trying to rob us!

I'm sure they are kissing his ass trying to get the government to intervene on their behalf.

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Response to dipsydoodle (Original post)

Thu May 16, 2013, 07:55 AM

5. If they think these claims are inflated, I can only imagine how they will howl when

the true costs of cleaning up the oil that sunk to the ocean floor and the natural ecosystems is truly known. Right now it's "out of sight, out of mind" that they are operating on. Not sure how they would cover the costs of restoring the entire gulf region to its' natural state (an impossibility).

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Response to dipsydoodle (Original post)

Thu May 16, 2013, 08:38 AM

7. If te actual cost kills the company and the execs so be it. That is the price greed at all costs

Let that be a lesson to ALL companies.

If you disregard rights, laws, lives, the environment (including climate change), then your company may be liquidated.

I think they should after the executives and the board too. Clean them out. No more corporate limited liability for people at the top.

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Response to dipsydoodle (Original post)

Thu May 16, 2013, 09:12 AM

9. Awwww, poor little bp.



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Response to dipsydoodle (Original post)

Thu May 16, 2013, 10:45 AM

10. Too bad and so what? So they go down, someone else will buy the wreckage and it'll be...

business as usual with a lot of the same faces - which is bad enough. Pay and shut up.

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