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Monday, June 14, 2010

US fine BP:Call for Globally equitable application

The reported $30billion plus fine on BP for the Gulf #Oilspill amounts to an elevated level of hypocrisy by the US.The fine appears to be imposed on top of cleanup costs and compensation payments.It may well impact BPs (or its insurers) ability to fund continued compensation, mitigation and cleanup operations.If it is fair and just that BP is to be so penalised then Chevron should also be hit even harder for the mess it continues to deny responsibility for in Ecuador.The ecovandalism there is intentional and has severely impacted the health and capacity to live for the primarily indigenous local population affected.Mitigation & reparations for this travesty calculated at $27billion now appear vastly under-calculated in the wake of Deepwater Horizon.Not forgetting Nigeria, where a virtual whose who of the oil mister bigs have effected spillages of the scale of Deepwater Horizon on a virtually annual basis. These are US and EU companies wilfully taking advantage of weak home legislation in the countries of extraction to continue to deploy archaic equipment and stone aged practices. These practices can be most effectively curtailed by 1st world nations penalising extractives for their international ecovandalism, taking responsibility as the consumer nation. Taking action against a company which has put its hand up and its wallet on the table as BP has done in the Gulf,while feigning ignorance of the unacceptable methods used globally is wrong,unethical and smacks of political expedience.

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