BP to Provide $1 Billion for Gulf of Mexico Restoration Projects!!
04-26-2011, 07:51 AM
#1
Fork Horn
Thread Starter
Join Date: Feb 2011
Location: South Dakota
Posts: 360
BP to Provide $1 Billion for Gulf of Mexico Restoration Projects!!
NEW ORLEANS (AP) — Federal officials say BP has agreed to provide $1 billion for projects that will restore natural resources in the Gulf of Mexico damaged by last year's oil spill.
The Justice Department said Thursday that the money will be for rebuilding coastal marshes, replenishing beaches, conservation of ocean habitat for injured wildlife and restoration of barrier islands.
The program will be administered by a group of trustees including the states of Alabama, Florida, Louisiana, Mississippi and Texas, along with federal officials.
The Justice Department says the agreement does not affect potential legal liability for BP and other companies that may face lawsuits for damages resulting from the spill, which began after the April 20, 2010, explosion of the rig Deepwater Horizon off the Louisiana coast.
The Justice Department said Thursday that the money will be for rebuilding coastal marshes, replenishing beaches, conservation of ocean habitat for injured wildlife and restoration of barrier islands.
The program will be administered by a group of trustees including the states of Alabama, Florida, Louisiana, Mississippi and Texas, along with federal officials.
The Justice Department says the agreement does not affect potential legal liability for BP and other companies that may face lawsuits for damages resulting from the spill, which began after the April 20, 2010, explosion of the rig Deepwater Horizon off the Louisiana coast.
04-26-2011, 02:02 PM
#4
Giant Nontypical
Join Date: Jan 2004
Location: a van down by the river
Posts: 8,907
Originally Posted by Fieldmouse
and the great American government shakedown continues!
04-26-2011, 02:13 PM
#5
Dominant Buck
Join Date: Jan 2004
Posts: 36,695
Originally Posted by North Texan
They make billions drilling offshore in American waters, billions more doing business in the U.S., do billions in damage largely because they were being cheap, and a one-time payment of $1 billion is a government shakedown?
Tell me again about the shakedown?
04-28-2011, 09:52 PM
#6
Boone & Crockett
Join Date: Feb 2003
Posts: 10,679
Let's see. Obama shakes them down for 20 billion. Almost 17 billion is unspent of the money while the government makes the claim on the year aniversery, everything has just about sprung back. Of the 3 billion +/- already spent from the first shakedown, it turns out millions were wasted in local government on stuff totally unrelated to the oil spill and clean up. It was free money and treated a such. In other words a slush fund. This billion isn't required. If it was, it already exisit in current shakedown account. In a very short time the marshes and crap will take care of themselves and return to normal. Oil is a netural substance in our enviorment. That billion and the rest will be squandered on crap totally unrelated.
If the LA coast needs a billion dollars for "restoration projects" take it out of the remaining 17 billion of the 20 billion that hasn't been spent. That's what it is suppose to be there for.
In a related topic. I am about sick and tired of all of the sorry assed attorney commercials and public announcements blaming BP for taking so damn long to pay claims or not paying them at all. BP has absolutely nothing to do with the repayments since Obama turned it over to Eric Holder and his law firm. Of course ole Eric felt his firm needed a substantial raise to continue to process the BP claims. I wonder how long it took for his firm to get paid?
