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Transocean cleanup pay cap?!

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posted on May, 13 2010 @ 05:45 PM
I was watching some news and they said Transocean filed in federal court... Houston, Tx.. to get a cap on how much they will have to pay for the cleanup of the oil spill affecting the Gulf of Mexico. 27 million...

THIS IS INSANE. They might not be entirely responsible, but they were involved. They're using an old law for shipping industry to try and get around paying for the cleanup.

May 13 (Bloomberg) -- Transocean Ltd., the owner and operator of the oil rig leased to BP Plc which exploded last month and killed 11 men, has asked a U.S. judge to limit its liability to $26.7 million.

The request, filed today in Houston federal court under a 150-year-old law originally designed for the shipping industry, applies to all litigation the company faces over the explosion and spill.

Who else thinks this is just absurd? If the people responsible can't pay to clean up the mess, I think they should all be shut down. BP, Transocean, Haliburton... down with them all.

Transocean Asks to Cap Rig Liability at $26.7 Million (Update4)

[edit on 13-5-2010 by Estharik]

posted on May, 13 2010 @ 06:31 PM
this is a prime example of shucking responsibility.
If BP has to pay for the cleanup, it will bankrupt
them and their stock will sell for pennies on the
dollar. This was the intended purpose of the
explosion. A hostile take-over of BP.

posted on May, 13 2010 @ 06:48 PM
Meh there share price isnt actualy doing to bad, its the about the same as Royal Dutch Shell. Cant see BP going bankrupt.

And to be honest Transocean are not liable for the clean up in anyway BP is, no one else.


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