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Post by aztec70 on Jun 22, 2010 21:35:51 GMT -8
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Post by monty on Jun 22, 2010 22:45:34 GMT -8
Throw the high profile one under the bus so you can avoid paying for the cleanup, while that one spends a fortune replacing their Beyond Petrolium add campaign with a new 'we care' campaign complete with an african-american man with NOLA accent, but Anadarko is rather benevolent:
"Anadarko also announced that it will donate to charitable and civic agencies along the Gulf Coast any revenue it is entitled to receive from oil recovered from the clean-up efforts."
No mention of taking their nearly billion dollar profit from last quarter to assure this type of incident won't happen again - isn't that what we're all told, that Oil Companies, Drug Pushers, er manufacturers, etc have to charge so much for R&D and capital upgrades?
This is setting up just like Valdez where this will be in court for years deciding how much to pay and who should pay and how much, and they'll be sealed settlements and it'll bounce between courts and with the makeup of the highest court, you can be assured tax payers will be paying for this mess and the workers that are effected will not receive what they are entitled by the gross negligence of all parties including governmental regulation.
I hope that escrow "slush fund" is iron clad and BP and its co-owners like Anadarko don't weaserl their way out of paying for this decades long cleanup and devastation.
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Post by aztec70 on Jun 23, 2010 10:30:08 GMT -8
Well, yes, Monty. Anadarko is throwing BP under the bus. As I read it Anadarko put money in the deal, but were not involved in the operational end and had been indemnified by BP. If this were a real estate deal BP is the general partner, and Anadarko the limited partner.
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Post by monty on Jun 23, 2010 10:54:48 GMT -8
Well, yes, Monty. Anadarko is throwing BP under the bus. As I read it Anadarko put money in the deal, but were not involved in the operational end and had been indemnified by BP. If this were a real estate deal BP is the general partner, and Anadarko the limited partner. that is the way it seems to me, but, everyone is fine taking the profits, bankrolling it and receiving the bucks when BP cuts corners, they are responsible at least in some ethical/abstract sphere. Bigger than that, my biggest worry is that this is just a political campaign for Anadarko not to pay, and once this isn't in the headlines, BP will start the same process and tie this up in litigation. And just like Valdez that was appealed by Exon and remanded by courts multiple times led to Exxon paying far less than the court first ordered. I went on youtube yesterday and sitting above the playlist was the BP adds - it just makes me feel yucky that the amount of havor for decades that is unleashed and image is what matters. Once it has passed from above the fold front page news, and it is tied up in the courts for the decade, BP will 'rebrand' and be back to their old tricks and we'll wait until the next major ecosystem catastrophe in 2030 or so. It also is insulting that their glorious gesture is the 'profits they're entitled to' (seriously, who uses that type of language: 'entitled' during an incident like that) from the spill from something they are partial owner. The entire thing is sickening |
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