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@Thom_Hartmann #ThomHartmann blog: BP Gets Off Easy

by Thom Hartmann posted Nov 16 2012 12:24PM

On Thursday, oil giant BP pled guilty to 14 charges related to the 2010 gulf oil spill and agreed to pay $4.5 billion in fines.  Despite being the largest settlement in our nation’s history, it’s nothing compared to the actual damage BP did to our nation two years ago.  A senior investigator with Greenpeace said the settlement, “fails every aspect of the common accepted notion of penalty.”  And a spokesperson with Public Citizens responded to the settlement saying, “We’re stunned. This settlement is pathetic…The point of the criminal justice system is twofold: to punish and deter. This does neither.”  

Over the course of three months, BP’s oil well spewed 5 million barrels of oil into the Gulf of Mexico, choking marine life, blanketing coastlines, and ruining small businesses.  Public Citizen estimates that total amount of damage caused by the spill at more than $50 billion dollars, yet BP is liable for $4.5 billion, which is less money than the corporation makes in just three months.  There is still possibility that two workers at BP will face manslaughter charges and take the fall for the deaths of 11 men when the oil rig exploded.  But ultimately, there will be no lasting punishment for BP, which has gone back to business as usual punching holes in our Gulf of Mexico.  

This was the worst environmental disaster in our nation’s history, and if that isn’t enough reason to give BP the corporate death penalty and revoke their corporate charter, then I don’t know what is.  Corporations have run roughshod over our nation for too long, it’s time to restrain them like Teddy Roosevelt did after the Robber Baron Era.

Listen to The Thom Hartmann Program Monday through Friday 3 PM to 6 PM on WWRL 1600.
Filed Under :
Location : Gulf Of Mexico
People : Teddy Roosevelt
11/16/2012 12:20PM
@Thom_Hartmann #ThomHartmann blog: BP Gets Off Easy
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11/29/2012 8:55AM
BP should be drained off all its assets and funds to pay for the damage to our food supplies, beaches, rivers, seas, and land. The long term cost is priceless for those tourist areas also. We should kick those British banks and corporations out again. The pollute, lie, and pillage us for their own profit and power. The spills in Alaska, Gulf, and River are out of hand. How much longer are we going to allow them to rape us? We visited the Forgotten Coast of Florida. Not a bird. Only dead Gulf and timbering growing and stripping of our National Forest lands in that area. Prisons are there for cheap labor. I could not believe they were getting away with it. Governor of Florida Scott should be impeached and removed for allowing it. Shame on our government settling the cost so low.
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