Author Topic: BP Extortion: Let us drill or funds will dry up  (Read 364 times)

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Offline White Israelite

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BP Extortion: Let us drill or funds will dry up
« on: September 05, 2010, 07:27:14 AM »
Quote
Oil giant BP is telling lawmakers that if it isn't allowed to get new offshore drilling permits in the Gulf, it will not be able to afford to pay for the damage caused by the Deepwater Horizon oil spill, the New York Times reported in its Friday edition.
The CLEAR Act, passed by the House in July, includes an amendment that states any oil company that has received more than $10 million in safety fines, or has seen more than 10 workers killed in the past seven years, is barred from being granted new drilling permits. The Times notes that, currently, only BP fits that criteria.
the Times reports that BP is using some of its voluntary payments as "bargaining chips" with lawmakers.

http://www.rawstory.com/rs/2010/09/bp-ultimatum-drill-funds-dry/