Showing posts with label BP. Show all posts
Showing posts with label BP. Show all posts

Thursday, July 29, 2010

Anyone Think This is Good News?

Even though President Obama promised BP will cover 100% of the cost of repairing and cleaning up the Gulf Oil Disaster, the Wall Street Journal reports that BP will force taxpayers to pick up at least $9.9 billion of the bill.

How will this happen? BP is planning to use tax-code provisions that allow companies to get refunds on losses. Since the disaster will cost BP at least $32 billion, they want almost $10 billion dollars from taxpayers -- effectively cutting BP clean-up costs by a third.

Thursday, May 27, 2010

Boycott BP!

Although I haven't blogged about the BP oil spill here, most of you probably know my thoughts about it. Of course, nobody is in favor of an oil spill, right? But then there are lunatics like that crazy libertarian Rand Paul, whose position is basically "shit happens, lay off of BP."

So we get eleven oil workers dead. The largest oil spill in U.S. history getting larger every day. The Gulf of Mexico (and even the East Atlantic Coast) will be feeling the ecological effects of this disaster for years to come. And for you Republicans, there is an economic impact, too, as this debacle destroys fisheries and the livelihoods of people who fish and shrimp in the Gulf, or rely on the Gulf for tourism business.

BP CEO Tony Hayward is sanguine about the whole problem. The Financial Times quotes him saying, “I think the environmental impact of this disaster is likely to have been very, very modest.”

The time to boycott BP is now.

Go here: www.beyondbp.org