I DO give them credit for it, but they are not doing it for altruism but as a hard business decision. This decision was obviously already made when they agreed to the 20 bil fund and even before when they started shelling out for the clean up initialy.
As I said, had they held to the 75 mil (as I believe Andarko and Transocean are doing) there would have been blood in the streets.
First of all, the issue is moot since they have already paid that out and paid into the 20 bil fund also set up. Second, had they stood firm, they would have been ridden out of town on a rail; this is a company that made billions from the American consumer when the cost of oil/gas went up and people struggled with $4/gallon…or have you forgotten?.
This is good PR but with also a very practical side; they want Tranocean and Andarko to do the same so they can collect back or share the loss and are bringing to bear public pressure along with the pressure that BP’s decision is also placing on those two.
This is not altruism, but practical business decision.
Had they done the right thing in the beginning and avoided the rupture, we would not even be having this discussion.
Cassandra – would you rather they fought it and require lawsuits all around? Seems like it was a practical business decision but they certainly could have played hard ball and you won’t even give them credit for it.
We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. By continuing to use our site, you accept our revised Privacy Policy.
I DO give them credit for it, but they are not doing it for altruism but as a hard business decision. This decision was obviously already made when they agreed to the 20 bil fund and even before when they started shelling out for the clean up initialy.
As I said, had they held to the 75 mil (as I believe Andarko and Transocean are doing) there would have been blood in the streets.
Where is the liberal bashing of Big Oil now?
Oh those nasty large corporations. Huh..
Sarah
First of all, the issue is moot since they have already paid that out and paid into the 20 bil fund also set up. Second, had they stood firm, they would have been ridden out of town on a rail; this is a company that made billions from the American consumer when the cost of oil/gas went up and people struggled with $4/gallon…or have you forgotten?.
This is good PR but with also a very practical side; they want Tranocean and Andarko to do the same so they can collect back or share the loss and are bringing to bear public pressure along with the pressure that BP’s decision is also placing on those two.
This is not altruism, but practical business decision.
Had they done the right thing in the beginning and avoided the rupture, we would not even be having this discussion.
Cassandra – would you rather they fought it and require lawsuits all around? Seems like it was a practical business decision but they certainly could have played hard ball and you won’t even give them credit for it.