How Dow Chemical Can End the Bhopal Tragedy

Mott the Hoople said:
LOL I wouldn't be so sure about that. DOW's competitors would love nothing better than for DOW to be kept out of Inda so they can aquire their market share.
Click to expand...


Under the umbrella that if an accident happens, that India is going to try and hold everyone else responsible?
I don't think so.

The Indian Government isn't going to do anything, except shake their fist, and business will go on as usual.
 
USFREEDOM911 said:
So now the comment of "I voted against the war, after I voted for the war", is now being changed to "I accepted the settlement, before I declined the settlement"! :palm:
Click to expand...
You silly :)

You are aware that the Bhopal settlements were only in regards to compensation for the victims aren't you? That there other significant civil liabilities and criminal charges involved that have never been settled?
 
USFREEDOM911 said:
Using your logic; they haven't paid enough. :D
Click to expand...

They have paid $1 billion per dead person whilst Union Carbide ponied up $1500 per dead person is that what you mean? I already knew you would avoid answering the question, I've never known you to adhere to the terms that you demand of others.
 
Mott the Hoople said:
You silly :)

You are aware that the Bhopal settlements were only in regards to compensation for the victims aren't you? That there other significant civil liabilities and criminal charges involved that have never been settled?
Click to expand...

That "settlement" ignored anybody under the age of eighteen, so over 200,000 people were disenfranchised.
 
Mott the Hoople said:
You silly :)

You are aware that the Bhopal settlements were only in regards to compensation for the victims aren't you? That there other significant civil liabilities and criminal charges involved that have never been settled?
Click to expand...


AND THAT IS THE REASON THAT TOM IS ALL IN A TWIST OVER THIS. :D

He knows BP is going to pay and he thinks it's unfair.
Tom doesn't care one cent about India, he just cares about BP.
 
USFREEDOM911 said:
Under the umbrella that if an accident happens, that India is going to try and hold everyone else responsible?
I don't think so.

The Indian Government isn't going to do anything, except shake their fist, and business will go on as usual.
Click to expand...
Dude. I got news for you. That's how it works here in the US. I suggest you do some reading.

http://en.wikipedia.org/wiki/CERCLA

I suggest you review the provision sections which explains what a PRP is.
 
Aoxomoxoa said:
They have paid $1 billion per dead person whilst Union Carbide ponied up $1500 per dead person is that what you mean? I already knew you would avoid answering the question, I've never known you to adhere to the terms that you demand of others.
Click to expand...

How much has Britain paid for the people they killed in the America's, India, and elsewhere in the world?
 
Aoxomoxoa said:
They have paid $1 billion per dead person whilst Union Carbide ponied up $1500 per dead person is that what you mean? I already knew you would avoid answering the question, I've never known you to adhere to the terms that you demand of others.
Click to expand...
I think that's an argument that is besides the point. The dispute is not about compensation for the victims, the dispute is currently about paying the cost to remediate the site.
 
Mott the Hoople said:
Yes, well I can see your bent on gettng Tom's panties in a bunch and you're right business will continue as usual in Inda....but probably with out DOW.
Click to expand...

NAH, Dow will stay and with the blessings of the Indian Government.

And can you dispute or refute any of this:

Hamilton said the government responsibility had been confirmed by the Supreme court back in 1991 and it was then reinforced after the state government struck a deal back in 1998 with the then landowners Eveready.

Eveready (at the time called Macleod Russel India Limited) had purchased all of Union Carbide Indian assets.

Essentially, Hamilton says, when Dow Chemical bought Union Carbide, it didn’t own any of the Indian assets. They were owned by Eveready, which still operates in India.

Why isn't Eveready being held responsible?
 
Last edited:
Aoxomoxoa said:
It was a crooked deal no doubt aided by slush money from Union Carbide to bent officials in India. $500 per dead person is just fucking pathetic and I really couldn't care what anybody here says to try to defend it. The deal also never took account of anyone under the age of 18 at the time which means there are another further 200,000 victims. Finally I would take Motley Fool's opinion over you or SF any day, that article was co-authored by Tom Gardner who is one of the owners of the website and is an incredibly knowledgeable man when it come to business law and investments.
Click to expand...

So you will ignore all data that contradicts your desire to bash Dow.

Tell us Tom... what did the Indian government (49% owners in UCIL) pay per person? What did McLeod pay? What did Eveready pay? You just want to bash Dow. Plain and simple. You ignore that the company (UCIL) was sold by UC long before Dow ever bought UC. Why do you do that Tom? Could you be more of a dishonest hack on this issue?
 
Superfreak said:
So you will ignore all data that contradicts your desire to bash Dow.

Tell us Tom... what did the Indian government (49% owners in UCIL) pay per person? What did McLeod pay? What did Eveready pay? You just want to bash Dow. Plain and simple. You ignore that the company (UCIL) was sold by UC long before Dow ever bought UC. Why do you do that Tom? Could you be more of a dishonest hack on this issue?
Click to expand...

As the article clearly states the plant was shut down long before 1994 hence there was nothing to buy, hence it was retained by Union Carbide. Dow inherited the liabilities as well as the assets, why is that so hard to understand? If you disagree then I suggest that you email Tom Gardner at Motley Fool.
 
Aoxomoxoa said:
If Union Carbide owned the Bhopal plant, Dow bears no responsibility.
In 1984, Union Carbide owned the plant. A decade later, Union Carbide claimed that the plant was sold during an auction in 1994. However, contradictory to that claim, the plant was no longer on the books at the time of the auction. Instead, the Indian government had shut down the plant, and the legal ramifications of the pollution were still being resolved. In 2001, Dow acquired Union Carbide for $11.6 billion and the two entities became one and the same. So when we write "Dow," think "Union Carbide." Union Carbide describes the relationship in its annual report: "Union Carbide's business activities comprise components of Dow's global operations rather than stand-alone operations."
Click to expand...

Again for the ultra slow british boy... UCIL owned the plant. UCIL was owned 51% by UC and 49% by the Indian Government. UCIL was SOLD to McLeod in 1994. Thus the ownership, the assets and the liabilities TRANSFERRED to McLeod. This transaction WAS APPROVED BY THE INDIAN COURTS. UC no longer owned the property or the liabilities when Dow bought them. The Indian Government and Courts reached what they deemed an equitable settlement and an agreement upon sale of UCIL to fund a hospital (which UC did).

You can continue cutting and pasting all you want from your article. It wont change the fact that it was GONE before Dow bought UC.
 
You must log in or register to reply here.
Back
Top