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Thread: BP eyes showdown with US govt on liability-BP source

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    BP eyes showdown with US govt on liability-BP source

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    BP eyes showdown with US govt on liability-BP source | Reuters

    Quote(BP has said it will pay for the clean-up and direct damages to those affected by the spill, such as fisherman. But the source said the moratorium was a government decision, and so the costs related to it were a different matter.)

    However one feels about the Oil Spill and BP actions and failures, admissions and denials.
    They (BP) have admitted that they will pick up all the clean up costs and compensate genuine costs caused by the Oil Leaks.

    However what the Obama administration is proposing that BP pick up the costs for decisions the Government makes.

    Do you think this is fair?

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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by jujuman13 View Post
    Link
    BP eyes showdown with US govt on liability-BP source | Reuters

    Quote(BP has said it will pay for the clean-up and direct damages to those affected by the spill, such as fisherman. But the source said the moratorium was a government decision, and so the costs related to it were a different matter.)

    However one feels about the Oil Spill and BP actions and failures, admissions and denials.
    They (BP) have admitted that they will pick up all the clean up costs and compensate genuine costs caused by the Oil Leaks.

    However what the Obama administration is proposing that BP pick up the costs for decisions the Government makes.

    Do you think this is fair?
    BP is doing what they are supposed to and now the White House wants them to pay for their policy choices regarding off shore drilling.

    I'd tell them to stick it where the sun don't shine.

    Classic shtick of "oil companies are evil."
    The populists will eat it up.
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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by jujuman13 View Post
    Link
    BP eyes showdown with US govt on liability-BP source | Reuters

    Quote(BP has said it will pay for the clean-up and direct damages to those affected by the spill, such as fisherman. But the source said the moratorium was a government decision, and so the costs related to it were a different matter.)

    However one feels about the Oil Spill and BP actions and failures, admissions and denials.
    They (BP) have admitted that they will pick up all the clean up costs and compensate genuine costs caused by the Oil Leaks.

    However what the Obama administration is proposing that BP pick up the costs for decisions the Government makes.

    Do you think this is fair?
    Yes, it's fair. When there is a major environmental crisis, obviously the government is going to have to make some decisions. The people who caused the oil spill are ultimately responsible for the costs of those decisions. It is not reasonable to expect the government to consult with BP to minimize costs before taking any action. The government's priority should be to protect the American people and American industry, not to minimize BP's expenses stemming from their own ****up.


    How logical would you find this argument: "Yes, I burned down the Acme Widget Factory...but it was their decision to lay off all those workers afterwards. Therefore, I'm not responsible for their costs."
    Last edited by Kandahar; 06-10-10 at 05:49 AM.
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    Re: BP eyes showdown with US govt on liability-BP source

    BP should follow its own policy...


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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by Kandahar View Post
    Yes, it's fair. When there is a major environmental crisis, obviously the government is going to have to make some decisions. The people who caused the oil spill are ultimately responsible for the costs of those decisions. It is not reasonable to expect the government to consult with BP to minimize costs before taking any action. The government's priority should be to protect the American people and American industry, not to minimize BP's expenses stemming from their own ****up.


    How logical would you find this argument: "Yes, I burned down the Acme Widget Factory...but it was their decision to lay off all those workers afterwards. Therefore, I'm not responsible for their costs."
    Uhh, the government called the moretoriam on drilling and you think BP should compensate the workers who lost out on that income.

    What the hell is this world coming to...
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    Re: BP eyes showdown with US govt on liability-BP source

    BP should and has acknowledged it will pay for the spill and are doing everything possible to try and contain the leak. That is where its responsibility finishes imo.

    I am getting fed up of Obama's continuing attacks on the company as if it helps dragging down its shares and threatening to prevent dividends, he must be the only person who keeps on calling it British Petroleum.
    His use of this spill to try and divert attention from his failures domestically fails and sooner or later UK Government will respond to this due to the importance of BP to British taxpayers and pensioners.


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    Re: BP eyes showdown with US govt on liability-BP source

    No.

    BP should pay for the costs of clean-up, direct damages, and costs concerning rehabilitation of the damaged environment. Costs that are avoidable e.g., post-leak policy choices should not be BP's responsibility, even if the policy choices make regulatory sense. The policy choices should rest on their own merits. Expecting BP to pay the economic costs of others for policy choices would be little different from expecting a driver's insurance to pay not just for the accident he caused, but other accidents that resulted on another street after the police chose to divert traffic to that street on a temporary basis.

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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by Laila View Post
    BP should and has acknowledged it will pay for the spill and are doing everything possible to try and contain the leak. That is where its responsibility finishes imo.

    I am getting fed up of Obama's continuing attacks on the company as if it helps dragging down its shares and threatening to prevent dividends, he must be the only person who keeps on calling it British Petroleum.
    His use of this spill to try and divert attention from his failures domestically fails and sooner or later UK Government will respond to this due to the importance of BP to British taxpayers and pensioners.
    It was not Obama that started the British Petroleum thing or the attacks against BP. That was politicians in the states involved, and that included floating ideas of nationalisation and worse.. and that more than anything drives down stock prices not Obama's comments. Obama has hardly hid behind this to divert attention from his supposed domestic failures.. if anything he has done the opposite. It is only when the pressure from local politicians and the media got too bad that he started to show more public hands on approach.

    While Obama has a lot to answer for, just as BP has, blaming him for things others started and continue to promote is just not right.

    As I stated before elsewhere.. BP should pay exactly the same as Exxon did with Valdez (relatively speaking). Since Exxon has gotten away with NOT paying in full the damages then so should BP also.
    PeteEU

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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by Kandahar View Post
    How logical would you find this argument: "Yes, I burned down the Acme Widget Factory...but it was their decision to lay off all those workers afterwards. Therefore, I'm not responsible for their costs."
    Not quite the same. More like, I burned down Acme Widget Factory, but the workers at Emca Widget Factory were all laid off and Acme must pay those workers for their lost jobs...
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    Re: BP eyes showdown with US govt on liability-BP source

    Quote Originally Posted by PeteEU View Post
    As I stated before elsewhere.. BP should pay exactly the same as Exxon did with Valdez (relatively speaking). Since Exxon has gotten away with NOT paying in full the damages then so should BP also.
    Where are you getting the idea that Exxon didn't pay for their oil spill? They paid for the entire cost of cleanup and hundreds of millions in actual damages. The thing that the courts were going back and forth on was punitive damages.
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