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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (572283)6/17/2010 5:52:37 PM
From: Brumar891 Recommendation  Read Replies (1) | Respond to of 1576239
 
not for one second do I want BP to weasel out of paying for the damage they have done which from all accounts is at least in part due to BP negligence.

Agree.

The oil industry/corp. has had a history is this country of paying little for the damage they do.

Don't see that - I see oil companies paying massive fines if a few ducks are killed, while wind power projects kill massive numbers of raptors, other birds, and bats every year.

I posted about Occidental and Love Canal this AM. Last week, I posted how Exxon was able to reduce their penalties for the Valdez spill from $5 billion to $500 million. That's not reasonable given the level of damage done.

What little I remember on those cases is that the school board was at fault:

At the time of the dump's closure, Niagara Falls' population began to expand drastically. The local school board was desperate for land, and attempted to purchase an area of property from Hooker Chemical that had been used to bury toxic waste. The corporation refused to sell, citing safety concerns, and even took members of the school board to the canal and drilled several bore holes through the clay, to demonstrate that there were toxic chemicals below the surface. However, the board refused to capitulate.[11] Eventually, faced with the property being condemned and/or expropriated, Hooker Chemical agreed to sell on the condition that the board buy the entire property for one dollar. In the agreement signed on April 28, 1953, Hooker included a seventeen line caveat that explained the dangers of building on the site. Hooker was thus released from all legal obligations should lawsuits arise in the future [12].

“ Prior to the delivery of this instrument of conveyance, the grantee herein has been advised by the grantor that the premises above described have been filled, in whole or in part, to the present grade level thereof with waste products resulting from the manufacturing of chemicals by the grantor at its plant in the City of Niagara Falls, New York, and the grantee assumes all risk and liability incident to the use thereof. It is therefore understood and agreed that, as a part of the consideration for this conveyance and as a condition thereof, no claim, suit, action or demand of any nature whatsoever shall ever be made by the grantee, its successors or assigns, against the grantor, its successors or assigns, for injury to a person or persons, including death resulting therefrom, or loss of or damage to property caused by, in connection with or by reason of the presence of said industrial wastes. It is further agreed as a condition hereof that each subsequent conveyance of the aforesaid lands shall be made subject to the foregoing provisions and conditions.[11] ”

Hooker in fact even stated that the area should be sealed off "so as to prevent the possibility of persons or animals coming in contact with the dumped materials."[13]


en.wikipedia.org

In the Exxon case, the company paid all the actual damages. The $5B were punitive damages on top of the actual damages .... they fought those to the Supreme Court and won.


I don't agree with you. I think they should be allowed to continue drilling so long as they take precautions and become better prepared to clean up after a spill.


They can but some period, say 10 years, isn't in appropriate to me. The string of operating problems BP has had in recent years shows they need a major corporate culture change regarding operating risks.

Other companies have shut down big expensive projects when things have gotten dangerous:

"While gas surges are common in oil drilling, companies have abandoned wells if they determine the risk is too high. When a Gulf well known as Blackbeard threatened to blow out in 2006, Exxon Mobil Corp. shut the project down."

The Blackbeard project mentioned above got attention in the local press as it was setting a drilling depth record - XOM and their partners put $200M into that before walking away. BTW I recall another company, McMoran, was going to try another go at it ... but don't know what happened there. Hasn't made news so they probably gave up too.

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