BP more worried about PR and liability than cleaning up..

[walldude]

-snip-

Environmental lawyer and Ring of Fire radio host Mike Papantonio goes on to explain why BP has no interest in actually cleaning up the oil with that method and gives us some bad news on the escrow fund BP set up. He says that BP hasn't securitized the fund. BP's Bob Dudley told PBS in an interview on July 1st that they're going to securitze the fund. So what's the hold up? Pap thinks they're still looking at filing bankruptcy and are more worried about their PR campaign than containing and capturing the oil.

-snip-

PAPANTONIO: The evidence—yes, the evidence is this. The evidence is clear.
We know that a supertanker can take 21 million gallons a day and it can keep it from getting to our beaches. What they‘re counting on is, let it come to the beaches. They don‘t care about Pensacola. They don‘t care about Mobile. They don‘t care about the coast, because all they want to do is put people with a shovel and a bag out there to make it look like they‘re a caring, compassionate company.

And, really, all it is, is cost-benefit analysis.

(CROSSTALK)

PAPANTONIO: Bottom line, they care about cash. That‘s what this whole thing is about.

This is a tiny snippet of the interview, you can see the full transcript here:

http://videocafe.crooksandliars.com/node/38211

If we want BP to pay, we better get the money now. All this crap about them "putting 20 billion in escrow in 5 years" is just that crap. In 5 years BP will have filed for bankruptcy and we won't get shit out of them..

[Blue Owl]

1. BU$HCO 101

Photo ops, staged bullshit, cronies -- it's all there.

[louis-t]

2. What really frosts me is when cleanup requires 'volunteers'.

BP surely loves this. Why should THEY pay? People will clean it up for free! :grr: :grr: :grr: :grr:

[rzemanfl]

5. It can't be cleaned up. Not with all the club soda ever made.

Not with all the paper towels ever rolled. It could be cleaned up, I suppose, if one person was assigned full time to each six foot stretch of beach for a decade or so with instuctions to sift the sand daily and pick out the dark spots.

[blindpig]

3. Expropriate without compensation

now

[damntexdem]

4. Well, duh. They cared more about marginally-larger profits than safety.

They still do. And they care more about profitability than about fixing the mess they made. Actually, they don't care at all about the latter, just the former -- and they won't unless they are forced to care in order to be profitable, or better, in order to survive.

Not that I think that BP should survive, for that matter. But they should be forced to pay for fixing as much of the mess they made as can be fixed. Some can never be fixed.

[walldude]

6. ..