Cornwall ON – BP is throwing 20 Billion Dollars at one of the biggest oil spills in history after meeting with President Obama. Somethings money just can’t fix, but BP is trying to mea culpa with the moula.
BP’s top executives entered their long-awaited summit with President Barack Obama hoping for better — as in, less is more. They left with fully a quarter of the firm’s estimated $80-billion in tangible assets blown away. And that first $20 billion, the company agreed, may ultimately be only a down payment on the compensation claims still to come, when the full impact of the Deepwater Horizon spill is known.
The money is being targeted at victims. Can seagulls spend the green? Nope. How many species will become extinct? This has to be the canary in the coal mine and no company can ever again try to cheap out in safety in this sort of manner.
What do you think Canada? You can post your comments below.
please visit our sponsors: