BP, the environmentally sensitive oil major, today agreed to a 18 billion dollar settlement to end litigation over the catastrophic Deepwater Horizon disaster in the Gulf of Mexico in 2010.
The stock markets responded by goosing BP shares up almost 4% on the day.
The settlement means that folks around the Gulf are SOL on collecting more compensation for lost livelihoods and catastrophic health repercussions that are bound to haunt them for generations.
The market obviously thought this was a good news story for BP.
By definition, that means it was a bad news story for the millions of regular folks who used to make their living from the Gulf.
That's justice in America...
Showing posts with label BP. Show all posts
Showing posts with label BP. Show all posts
Thursday, July 2, 2015
Wednesday, January 30, 2013
UK PM Cameron sucking up to Algerian terror state
There's a reason Algeria has been spared the dubious blessings of Arab Spring. The Algerian police state is by far harsher with dissidents than any of the so-called strongmen whose passing the West has cheered or facilitated.
Britain of course was gung-ho for clearing Gaddafi out of Libya. And Britain has been among the vanguard in braying for the destruction of the Assad regime in Syria. But here we have the spectacle of Britain's Prime Minister making nice with a regime that has a far more sinister track record than Gaddafi's Libya or Assad's Syria.
The reasons are beyond obvious. Algeria is a major profit center for prominent British corporations. The "B" in BP stands for something after all, and that headline-grabbing hostage incident of a couple weeks ago happened at a BP facility.
So Cameron is schmoozing the Algerians for greater security cooperation. He's not talking about greater security for political dissidents in Algeria obviously! No, he'd be talking about greater security cooperation in protecting British commercial interests.
He's talking to the right people. Those Al-Qaeda in the Islamic Maghreb types have more than a passing relationship with the Algerian security apparatus.
You could call it a love-hate relationship.
Britain of course was gung-ho for clearing Gaddafi out of Libya. And Britain has been among the vanguard in braying for the destruction of the Assad regime in Syria. But here we have the spectacle of Britain's Prime Minister making nice with a regime that has a far more sinister track record than Gaddafi's Libya or Assad's Syria.
The reasons are beyond obvious. Algeria is a major profit center for prominent British corporations. The "B" in BP stands for something after all, and that headline-grabbing hostage incident of a couple weeks ago happened at a BP facility.
So Cameron is schmoozing the Algerians for greater security cooperation. He's not talking about greater security for political dissidents in Algeria obviously! No, he'd be talking about greater security cooperation in protecting British commercial interests.
He's talking to the right people. Those Al-Qaeda in the Islamic Maghreb types have more than a passing relationship with the Algerian security apparatus.
You could call it a love-hate relationship.
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