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Oil giant BP is telling lawmakers that if it isn't allowed to get new offshore drilling permits in the Gulf, it will not be able to afford to pay for the damage caused by the Deepwater Horizon oil spill, the New York Times reported in its Friday edition.
The CLEAR Act, passed by the House in July, includes an amendment that states any oil company that has received more than $10 million in safety fines, or has seen more than 10 workers killed in the past seven years, is barred from being granted new drilling permits. The Times notes that, currently, only BP fits that criteria.
the Times reports that BP is using some of its voluntary payments as "bargaining chips" with lawmakers.
Originally posted by airspoon
I say we sue them in court, make them liquify their assets and give it to everyone who was affected. Dissolve the corporation, liquify their assets and hand out the cash to everyone who lost their livelihood. We shouldn't allow them to opperate here in the US any longer. This is getting a little absurd.
Originally posted by Freedom ERP
reply to post by airspoon
And you have just proved to me by our comment regarding the British that you have been taking in with Obama looking to cripple what he regards as a British company.
And do it. Try to reduce BP to its assets, and sell them. And them tell me what company would want to have a major trading arm in the US. Only those that have paid their dues to the Government.
Millions of Americans rely on the dividends paid by BP. I am sure that are all best pleased with those who want to destroy a global company. Where does this stop?