They may wind up being criminally negligent, in fact I think they will.
Having said that, I can't recall a corporation stepping up exponetially over what it's mandated by law to do. Union carbides payments in India are like a pimple on BP's and thousands died in that accident. One could easily argue from a fiduciary perspective they should have stuck to 75M cap.
Beautifull first step on the right track BP.
The stone that the builder refused
Will always be the head corner stone
A sad commentary on we, as a people, and our viewpoint of our freedom can be summed up like this. We have liberals and conservatives, Democrats and Republicans, yet those very people look at Constitutionalists as radical and extreme.................so those liberals and conservatives, Democrats and Republicans must believe that the constitution is radical and extreme.
Considering the ineptitude and negligence that caused this fiasco, I can't give them much credit.
Whatever they are doing above what is mandated is simply a PR move.
BP's stock is up $1 and CVX is down. Humm someone agrees with me. LOL
The stone that the builder refused
Will always be the head corner stone
LOL
Wide stance!!
Oh I agree that the $20 billion is a great thing. I think BP should be held liable for what they did.
I am just not going to say $20 billion will get them off the hook.
Louisianna has been hit hardest, but the Alabama coast has lost tons of revenue from tourism and fishing. And the beaches from Mobile Bay eastward are amoung the most beautiful in the world.
As far as I understand the 75 Million cap does not apply if it was caused from neglect, which it seems to be the case.
Saying that I give Obama and BP credit for the escrow fund, it was the obvious thing to do.
GFY
Even if it is just a PR move, it is definitely the right one.
Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but rather we have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit.
- -- Aristotle
Believe nothing on the faith of traditions, even though they have been held in honor for many generations and in diverse places. Do not believe a thing because many people speak of it. Do not believe on the faith of the sages of the past. Do not believe what you yourself have imagined, persuading yourself that a God inspires you. Believe nothing on the sole authority of your masters and priests. After examination, believe what you yourself have tested and found to be reasonable, and conform your conduct thereto.
- -- The Buddha
It is the mark of an educated mind to be able to entertain a thought without accepting it.
- -- Aristotle
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