Skip to main content

View Diary: White House plans to force BP to set aside money to pay damages (272 comments)

Comment Preferences

  •  An escrow account? (2+ / 0-)
    Recommended by:
    mwm341, dhfsfc

    Great idea, with one possible adjustment (improvement):  Since the fossil fuel industry is a de facto serious risk to the environment at any level (see Chevron in Ecuador, BP in the Gulf of Mexico, Royal Dutch Shell in Nigeria, Exxon in Prince William Sound, the Amoco Cadiz, Massey Energy, etc.) it may be advisable to establish a requirement that any company engaged in extractive industries that pose a measurable risk to life and property be regulated and taxed in such a way that a) sufficient funds be set aside on a routine basis and be made available to compensate in a timely manner those who suffer loss of life, health or livelihood or to mitigate and/or prevent environmental damage at the earliest possible stages of an environmental crisis such as the one we are witnessing today and b) to make investment in extractive industries unattractive to the kind of reckless profit-crazy speculators and risk-takers such as Tony Hayward, Ken Lay and their ilk.  Oh, and by the way, how 'bout setting up some effective obstacles to the shameless buddy-buddying between the industry lobbies and the legislators and regulators that are supposed to oversee those same industries but that more often than not don't?  And maybe the U.S. Congress and other legislative bodies around the world can scare up a spine?  Uh....wait....What am I thinking?.......

    Liberal = We're all in this together
    Conservative = Every man for himself
    Who you gonna call?

    •  Perfect! (1+ / 0-)
      Recommended by:
      miriam

      Of course, I still believe in the Easter Bunny.

      •  Yeah, me too....... (0+ / 0-)

        The refrain from an old song keeps playing in my head:  "Dream on, dream about the world we're gonna live in one fine day..."

        Hmmmm.....Might as well.....

        Liberal = We're all in this together
        Conservative = Every man for himself
        Who you gonna call?

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site