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  • Price of gas to go over $4 in 5.... 4.... 3... 2...
  • JackieRabbit: Price of gas to go over $4 in 5.... 4.... 3... 2...


    Damn, ya beat me to it.
  • People who made decisions that led to the disaster still filthy rich.
  • Remember: Kill a dozen workers due to lax safety standards, cover it up, massively pollute the environment and have the federal and state governments incur massive cleanup costs? Why, those people are Republican heroes!
  • Was listening to NPR this morning. They (dunno who precisely) figured it could be as high as 20B, but probably around 11B. They said BP had 3B saved up to pay already.

    Not impressed. 4.5B is not enough, IMO.
  • My god! This could mean Carl-Henric Svanberg doesn't get a new superyacht this year!
  • According to the press release,

    As part of the resolution, BP has agreed to plead guilty to 11 felony counts of Misconduct or Neglect of Ships Officers relating to the loss of 11 lives; one misdemeanor count under the Clean Water Act; one misdemeanor count under the Migratory Bird Treaty Act; and one felony count of obstruction of Congress.
    ...
    Under U.S. law, companies convicted of certain criminal acts can be debarred from contracting with the federal government. BP has not been advised of the intention of any federal agency to suspend or debar the company in connection with this plea agreement. BP will continue to work cooperatively with the debarment authority.
  • Aidan

    The fine is supposed to be related to the crime. Only two misdemeanor counts relate to the oil spill itself: BP got oil in the water and on birds.
  • JackieRabbit

    Price of gas to go over $4 in 5.... 4.... 3... 2...

    Commodity markets do not work that way, only banks.
  • What happend to "BP will not leave the gulf until we have cleaned up every drop?"

    Instead they run commercials with, "BP is committed to working to help cleanup..."

    How great it is that BP will help clean up the environmental disaster that BP created!

    Joe Barton wants to apologize again.
  • Aidan: Was listening to NPR this morning. They (dunno who precisely) figured it could be as high as 20B, but probably around 11B. They said BP had 3B saved up to pay already.

    Not impressed. 4.5B is not enough, IMO.


    FTFA "From the outset, we stepped up by responding to the spill, paying legitimate claims and funding restoration efforts in the Gulf. We apologize for our role in the accident, and as today's resolution with the U.S. government further reflects, we have accepted responsibility for our ctions."

    and...

    Those fines and settlements could total more than $40 billion if BP is found "grossly negligent" by a federal judge, LeCesne said. A federal judge in New Orleans will hear a trial to assess fault in the case in late February, he said.

    "BP is facing a very daunting potential financial bill for the remainder of this case," LeCesne said.

    BP has booked provisions of $38.1 billion to cover its liabilities from the incident, but the company has said the final cost remained highly uncertain. BP also recently announced that it expects to make the final payment this year to a $20 billion trust fund to cover damage from the blowout.

    In March, BP announced a settlement estimated at $7.8 billion with more than 100,000 individuals and businesses for medical and economic losses.


    They aren't saints but the 4.5 Billion isn't the only cheque they have to stroke by a long shot. Sounds like they are taking responsibility and paying up to me...
  • Obstruction of Congress? What does that entail?
  • If a person convicted of a felony lose the right to vote, can a corporation convicted of 11 felonies lose the right to lobby congress and donate to candidates and PACs?
  • There should be no more BP.
  • Obstruction of Congress? What does that entail?

    If Tony Hayward lied to the committee, that would count.
  • Yeah, the 4.5B is a small amount, but that's the fine.

    They HAVE paid for clean up and paid ppl for their losses due to closed fishing grounds, etc.
  • FTA: "From the outset, we stepped up by responding to the spill, paying legitimate claims and funding restoration efforts in the Gulf. We apologize for our role in the accident, and as today's resolution with the U.S. government further reflects, we have accepted responsibility for our ctions."

    Two notes:
    - "legitimate" is a terrible, relative word
    - dude's so cheap he couldn't even drop $250 on an 'a' at the end.
  • This is just the criminal fines. i.e. penalties. This doesn't include the money that BP has to pay in terms of compensation for damage caused. So relax everybody.
  • netringer: What happend to "BP will not leave the gulf until we have cleaned up every drop?"


    Logically speaking, and we've seen this with other spills, at some point you cause more environmental damage going after those remaining drops over just leaving them for the bacteria to eat. 

    So I see it mostly as 'truth in advertising'. They're not going to get every drop. Other agencies are cleaning up on their own, the bacteria is eating tons of it a day, etc...
  • rdu_voyager

    Actual humans convicted of felonies still have a right to speech.

    As noted in the press release I quoted, a company convicted of a felony can be disbarred from federal contracts. I don't know if that's a big deal for BP. There's a lot of "too big to fail" in enforcement of contracting laws.
  • Good luck ever seeing a dime of that..........Exon still says FU Alaska........politicians paid off.......

    oh, you still have a bit of oil left....... EVERYWHERE
  • ZAZ: rdu_voyager

    Actual humans convicted of felonies still have a right to speech.


    Actual humans convicted of felonies also generally face jail time.
  • If you're not hanging them by the neck for what they did, then you deserve a cock punch.
    Assholes on every side of this cluster fark.
    Bought and paid for.
  • I, for one, and glad that this has been settled and that oil companies will never again take foolish risks on safety items again!
  • Satanic_Hamster: Remember: Kill a dozen workers due to lax safety standards, cover it up, massively pollute the environment and have the federal and state governments incur massive cleanup costs? Why, those people are Republican heroes!


    You forgot to say "job creators"

    Every time a worker dies, a new person gets a job! !!!
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