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Galee
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Post by Galee » July 17, 2013, 12:25 pm




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Quanteen
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Post by Quanteen » July 17, 2013, 1:40 pm

If BP would have hired a few Issan ladies with plastic bags and rubber bands, I reckon they could have capped off that leak in a few seconds. Instead, it took them months, leaking the equivalent of an Exxon Valdez every few days. Corporate irresponsibility on such a scale carries severe penalties.

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arjay
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Post by arjay » July 17, 2013, 10:27 pm

Quanteen wrote: Corporate irresponsibility on such a scale carries severe penalties.
Qteen,

I don't think there was anything corporate about it. The post was about individuals and businesses submitting fraudulent claims for losses incurred. It will be interesting to see if the authorities in the US are as quick to jump on clearly dishonest acts, (incurred by their own, as opposed to foreign companies).

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Quanteen
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BP loses bid to suspend Gulf of Mexico compensation payouts

Post by Quanteen » July 20, 2013, 11:26 pm

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BP loses bid to suspend Gulf of Mexico compensation payouts
The British oil giant struck a deal to pay damages to victims of the oil spill after the Deepwater Horizon oil platform exploded in 2010, killing 11 men and wreaking billions of dollars worth of damage to fishing and tourism businesses along the Louisiana coastline.

However, the deal opened the floodgates to 10,000 compensation claims a month, costing BP far more than the $7.8bn (£5.2bn) it had expected and leaving the oil major with a battle on its hands to try to limit the number of purported victims coming forward.

BP has no control over its payments to claimants, having agreed to a compensation formula and framework in a legal settlement covering certain personal and business liabilities.
http://www.telegraph.co.uk/finance/news ... youts.html

But there's good news as well, in the form of new revenue streams:

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joepai
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Post by joepai » July 21, 2013, 2:45 pm

arjay wrote:
Quanteen wrote: Corporate irresponsibility on such a scale carries severe penalties.
Qteen,

I don't think there was anything corporate about it. The post was about individuals and businesses submitting fraudulent claims for losses incurred. It will be interesting to see if the authorities in the US are as quick to jump on clearly dishonest acts, (incurred by their own, as opposed to foreign companies).
Clearly not the thieving bas****ds
I was born with nothing and still have most of it left

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