Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Ed & Dave Lounge

Reply
 
Thread Tools Display Modes
Old 11-15-2012, 10:10 AM  
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 
Join Date: Nov 2003
Location: 33.675 N 106.475 W
Casino cash: $449
VARSITY
BP to pay record penalty for Gulf oil spill

http://money.cnn.com/2012/11/15/news...html?hpt=hp_t1

I couldn't find the old thread, so...

NEW YORK (CNNMoney) -- BP will plead guilty to a dozen felony charges stemming from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, and agreed to pay $4.5 billion in government penalties, the oil company said Thursday.

Of the penalties, $4 billion will resolve criminal charges and an additional $525 million will be paid to resolve claims brought by the Securities and Exchange Commission.

The settlement is subject to federal judicial review.

"All of us at BP deeply regret the tragic loss of life caused by the Deepwater Horizon accident as well as the impact of the spill on the Gulf coast region," said Bob Dudley, BP (BP)'s CEO, in a statement. "From the outset, we stepped up by responding to the spill, paying legitimate claims and funding restoration efforts in the Gulf."

"We apologize for our role in the accident, and as today's resolution with the U.S. government further reflects, we have accepted responsibility for our actions," Dudley added.

The fine comes on top of $20 billion that the company has agreed to pay into a trust fund to meet damage claims from the spill. It said it expects to pay a final $860 million into that fund this quarter.

BP reported a $17.2 billion loss in the quarter when the explosion took place. But it has been profitable since then, booking total profits of $43 billion over the course of the subsequent nine quarters.

In April 2010, the explosion on BP's Deepwater Horizon rig killed 11 workers and fouled the Louisiana coastline and other parts of the Gulf with millions of barrels of oil. Each death resulted in a felony charge to which the company will plead guilty.

In addition, the company will plead guilty to a count of obstruction of Congress. The charge is related to statements made to a member of Congress by two BP executives about flow rate estimates during the spill. The two individuals were not identified in the company's statement.

BP also will plead guilty to one misdemeanor count under the Clean Water Act and one misdemeanor count under the Migratory Bird Treaty.

Family members of the victims who spoke to CNN Thursday said they were pleased that BP was being forced to pay for the blast, but said it doesn't make up for their loss.

"It doesn't bring my boy back, but it does show everybody that they're guilty and everybody knows it," said Billy Anderson, whose son Jason was one of the rig workers killed.

Arlene Weise lost her 24-year-old son Adam on the rig that day.

"I knew all along that BP was the devil in that accident," she said. "Now they're getting their due."

But Weise said Thursday's announcement offered only a limited sense of justice.

"It doesn't matter how much money anyone pays," she said. "It doesn't nearly amount to what we've lost."

The well was capped three months after the explosion, but in that time, the spill caused extensive environmental damage to the Gulf. Embattled CEO Tony Hayward was forced to resign, and BP shares plummeted.

BP has reached a $7.8 billion settlement with lawyers representing private-sector victims. But in September of this year, the Justice Department accused BP of gross negligence and a "culture of corporate recklessness" in a federal court filing, which expanded the company's liability.
Posts: 76,014
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
  Reply With Quote
Old 11-15-2012, 11:01 AM   #16
saphojunkie saphojunkie is offline
MVP
 
saphojunkie's Avatar
 

Join Date: Aug 2011
Casino cash: $1587
Quote:
Originally Posted by Donger View Post
No.
You don't... believe that, do you?
Posts: 6,120
saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.
  Reply With Quote
Old 11-15-2012, 11:03 AM   #17
QuikSsurfer QuikSsurfer is offline
Got swag?
 
QuikSsurfer's Avatar
 

Join Date: Aug 2003
Location: Madison, MS
Casino cash: $109024
Quote:
Originally Posted by Donger View Post
No.
__________________
Posts: 11,748
QuikSsurfer has parlayed a career as a truck driver into debt free trailer and jon boat ownership.QuikSsurfer has parlayed a career as a truck driver into debt free trailer and jon boat ownership.QuikSsurfer has parlayed a career as a truck driver into debt free trailer and jon boat ownership.QuikSsurfer has parlayed a career as a truck driver into debt free trailer and jon boat ownership.QuikSsurfer has parlayed a career as a truck driver into debt free trailer and jon boat ownership.QuikSsurfer has parlayed a career as a truck driver into debt free trailer and jon boat ownership.QuikSsurfer has parlayed a career as a truck driver into debt free trailer and jon boat ownership.QuikSsurfer has parlayed a career as a truck driver into debt free trailer and jon boat ownership.QuikSsurfer has parlayed a career as a truck driver into debt free trailer and jon boat ownership.QuikSsurfer has parlayed a career as a truck driver into debt free trailer and jon boat ownership.QuikSsurfer has parlayed a career as a truck driver into debt free trailer and jon boat ownership.
  Reply With Quote
Old 11-15-2012, 11:07 AM   #18
BigMeatballDave BigMeatballDave is online now
That's a spicy meatball!
 
BigMeatballDave's Avatar
 

Join Date: Aug 2000
Casino cash: $8063
Quote:
Originally Posted by gblowfish View Post
What? WHAT??? BP has "Invigorate!" It makes your car go farther! Don't you believe their ads???


The BP terminal is in Sugar Creek. I know lots of fuel haulers load up there. Gas is gas is gas is gas. I would just prefer not to award BP when they fouled the gulf the way they did, and now they're weaseling their way out of paying their fare share to set things right.
You can continue to not buy their fuel, but you are still likely buying their crude.

Last edited by BigMeatballDave; 11-15-2012 at 11:19 AM..
Posts: 50,596
BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.
  Reply With Quote
Old 11-15-2012, 11:13 AM   #19
scorpio scorpio is offline
Starter
 
scorpio's Avatar
 

Join Date: Apr 2006
Casino cash: $10189
omg we can't punish the job creators
Posts: 628
scorpio is the dumbass Milkman is always talking aboutscorpio is the dumbass Milkman is always talking aboutscorpio is the dumbass Milkman is always talking aboutscorpio is the dumbass Milkman is always talking aboutscorpio is the dumbass Milkman is always talking aboutscorpio is the dumbass Milkman is always talking aboutscorpio is the dumbass Milkman is always talking aboutscorpio is the dumbass Milkman is always talking aboutscorpio is the dumbass Milkman is always talking aboutscorpio is the dumbass Milkman is always talking aboutscorpio is the dumbass Milkman is always talking about
  Reply With Quote
Old 11-15-2012, 11:16 AM   #20
Deberg_1990 Deberg_1990 is offline
MVP
 
Deberg_1990's Avatar
 

Join Date: Jan 2004
Location: San Antonio Tx.
Casino cash: $180618
Quote:
Originally Posted by saphojunkie View Post
You don't... believe that, do you?
There was some damage, but its pretty much believed now the "Envormental Disaster cries" were waaay overblown. You can google it. Heres one link



http://www.time.com/time/magazine/ar...007428,00.html
__________________
Originally Posted by Cassel's Reckoning:

Matt once made a very nice play in Seattle where he spun away from a pass rusher and hit Bowe off his back foot for a first down.

One of the best plays Matt has ever made.
Posts: 49,379
Deberg_1990 has an IQ even higher than Frankie's.Deberg_1990 has an IQ even higher than Frankie's.Deberg_1990 has an IQ even higher than Frankie's.Deberg_1990 has an IQ even higher than Frankie's.Deberg_1990 has an IQ even higher than Frankie's.Deberg_1990 has an IQ even higher than Frankie's.Deberg_1990 has an IQ even higher than Frankie's.Deberg_1990 has an IQ even higher than Frankie's.Deberg_1990 has an IQ even higher than Frankie's.Deberg_1990 has an IQ even higher than Frankie's.Deberg_1990 has an IQ even higher than Frankie's.
  Reply With Quote
Old 11-15-2012, 11:29 AM   #21
saphojunkie saphojunkie is offline
MVP
 
saphojunkie's Avatar
 

Join Date: Aug 2011
Casino cash: $1587
Dude, that article is from July of 2010. The damage done to the coastline and natural environment takes longer than three months. Or, think of it this way: It was capped ten days before this article. 53,000 barrels of oil gushed out TEN DAYS before this was written (and that's in one day). There's no way that the damage could have been assessed by July 29, 2010.

I don't think the damage has been as bad as feared, but it's nowhere near as minor as this guy was clearly trying to purport it to be.

Last edited by saphojunkie; 11-15-2012 at 11:34 AM..
Posts: 6,120
saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.
  Reply With Quote
Old 11-15-2012, 11:38 AM   #22
lazepoo lazepoo is offline
Wizard
 
lazepoo's Avatar
 

Join Date: Apr 2007
Location: Mpls
Casino cash: $20793
So who's serving time for BP's felonies?
Posted via Mobile Device
Posts: 466
lazepoo is not part of the Right 53.lazepoo is not part of the Right 53.lazepoo is not part of the Right 53.lazepoo is not part of the Right 53.lazepoo is not part of the Right 53.lazepoo is not part of the Right 53.lazepoo is not part of the Right 53.lazepoo is not part of the Right 53.lazepoo is not part of the Right 53.lazepoo is not part of the Right 53.lazepoo is not part of the Right 53.
  Reply With Quote
Old 11-15-2012, 12:07 PM   #23
KILLER_CLOWN KILLER_CLOWN is offline
Be HEALED!!!!!!!
 
KILLER_CLOWN's Avatar
 

Join Date: Feb 2002
Location: Fascist State
Casino cash: $11142641
Quote:
Originally Posted by lazepoo View Post
So who's serving time for BP's felonies?
Posted via Mobile Device
Their customers?
__________________
"Not every one that saith unto me, Lord, Lord, shall enter into the kingdom of heaven; but he that doeth the will of my Father ... And then will I profess unto them, I never knew you: depart from me, ye that work iniquity."

"If the people let government decide what foods they eat and what medicines they take, their bodies will soon be in as sorry a state as are the souls of those who live under tyranny." - Thomas Jefferson
Posts: 24,192
KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.KILLER_CLOWN is obviously part of the inner Circle.
  Reply With Quote
Old 11-15-2012, 12:11 PM   #24
BigMeatballDave BigMeatballDave is online now
That's a spicy meatball!
 
BigMeatballDave's Avatar
 

Join Date: Aug 2000
Casino cash: $8063
Quote:
Originally Posted by lazepoo View Post
So who's serving time for BP's felonies?
Posted via Mobile Device
They made a mistake and they are paying for it financially.

Do you have a motor vehicle that burns a crude oil by-product?
Posts: 50,596
BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.
  Reply With Quote
Old 11-15-2012, 12:16 PM   #25
gblowfish gblowfish is offline
Be Kind To Your Pets
 
gblowfish's Avatar
 

Join Date: Jun 2002
Location: Glorious Independence, MO
Casino cash: $3183348
The blowout leaked about five million barrels into the gulf before it was capped. There's still oil seepage leaking from the capped site. Tar balls continue to wash up on shore, and it's been two and a half years since the accident.
Posts: 26,812
gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.
  Reply With Quote
Old 11-15-2012, 12:20 PM   #26
saphojunkie saphojunkie is offline
MVP
 
saphojunkie's Avatar
 

Join Date: Aug 2011
Casino cash: $1587
Quote:
Originally Posted by lazepoo View Post
So who's serving time for BP's felonies?
Posted via Mobile Device
I think two people are facing manslaughter charges.
Posts: 6,120
saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.saphojunkie has parlayed a career as a truck driver into debt free trailer and jon boat ownership.
  Reply With Quote
Old 11-15-2012, 12:27 PM   #27
Mr. Laz Mr. Laz is offline
Don't Tease Me
 
Mr. Laz's Avatar
 

Join Date: Dec 2000
Location: KS
Casino cash: $446287
**** all those UK bastiges


ship them all back to their island
Posts: 81,696
Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.
  Reply With Quote
Old 11-15-2012, 12:29 PM   #28
BWillie BWillie is online now
Future Royals HOF
 
BWillie's Avatar
 

Join Date: Apr 2006
Location: Harpooning Whales
Casino cash: $13411413
Who cares man. They ****ed up. Do they really deserve to be fined 4 billion dollars? I think not. Hippies freaking out cuz some fish got killed.
__________________
Posts: 14,533
BWillie would the whole thing.BWillie would the whole thing.BWillie would the whole thing.BWillie would the whole thing.BWillie would the whole thing.BWillie would the whole thing.BWillie would the whole thing.BWillie would the whole thing.BWillie would the whole thing.BWillie would the whole thing.BWillie would the whole thing.
  Reply With Quote
Old 11-15-2012, 12:30 PM   #29
BigMeatballDave BigMeatballDave is online now
That's a spicy meatball!
 
BigMeatballDave's Avatar
 

Join Date: Aug 2000
Casino cash: $8063
Quote:
Originally Posted by Laz View Post
**** all those UK bastiges


ship them all back to their island
Posts: 50,596
BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.BigMeatballDave has enough rep power to blowy ou to bits.
  Reply With Quote
Old 11-15-2012, 02:28 PM   #30
gblowfish gblowfish is offline
Be Kind To Your Pets
 
gblowfish's Avatar
 

Join Date: Jun 2002
Location: Glorious Independence, MO
Casino cash: $3183348
Even with $4.5 billion paid in fines (over a five year period), BP cleared $5.5 billion in profit last year. So, figure in the next five years they make $27.5 billion, and only pay $4.5 billion, they still CLEAR $23 billion during that time.

Not even a dent in their pocketbook, really. Slap on the wrist.
Posts: 26,812
gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.gblowfish is obviously part of the inner Circle.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 08:55 AM.


Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.